Tech Minister Chris Philp has insisted the UK is "always ready" to face any threat that may emerge in Russia's war against Ukraine, but added he would not expect British troops to fight Russia. Report by Alibhaiz. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Russia Defaults on Foreign Debt , Following Sanctions.
Fox News reports Russia failed to make
two payments by June 26, .
resulting in the country defaulting on its foreign debt for the first time since 1918.
However, the country is saying the default is artificial since it has the funds to pay, .
but its foreign currency reserves have been frozen due to sanctions imposed over its war with Ukraine.
There is money and there is also the readiness to pay. , Anton Siluanov, Russian Finance Minister, via Fox News.
This situation, artificially created by an unfriendly country, will not have any effect on Russians’ quality of life, Anton Siluanov, Russian Finance Minister, via Fox News.
Fox News reports that Russia owes
close to $40 billion in foreign bonds,
half of which is due to foreigners.
Before sanctions were imposed on the country, it held about $640 billion in
foreign currency and gold reserves. .
Fox News reports that the international community came to Russia's aid in the 1990s when it defaulted on domestic debts.
but considering much of the world disapproves of Putin's war with Ukraine,
such help seems unlikely today
Credit: Wibbitz Top Stories Duration: 01:31Published
G7 leaders began talks in Bavaria, by mocking Russian president Vladimir Putin. The world leaders referenced the Russian President’s penchant for ultra-macho, topless official photographs. They suggested they remove their jackets for a photograph, to show that they are ‘tougher’ than the Russian leader. Report by Braybrooks. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The war is now mostly being fought in the country's east, meaning many who fled the Russian invasion can return home to see what is left and try to rebuild. Ukrainian authorities say at least 2 million..