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As if things couldn’t get any worse, Russia faces a $150bn default monster

Financial ruin looms at many of the world’s biggest money managers, but it’s unlikely to be limited to these giant funds

15 March 2022 - 18:21 By Sydney Maki, Eliza Ronalds-Hannon and Selcuk Gokoluk

Russia’s economy is fraying, its currency has collapsed and its debt is junk. Next up is a potential default that could cost investors billions and shut the country out of most funding markets...

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