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Abstract:(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the CEO of Russias second-largest lender VTB Andrey Kostin said in TV interview released on Friday.
div classBodysc17zpet90 cdBBJodivpReuters – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the CEO of Russias secondlargest lender VTB Andrey Kostin said in TV interview released on Friday.
As Russia teeters on the brink of a historic default, foreign investors in the countrys debt have few palatable options to recover their money: bet on costly legal action, trust bilateral agreements will stand, or sit on their hands, analysts say.pdivdivdiv classBodysc17zpet90 cdBBJodiv
Reporting by Reuters editing by John Stonestreet
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