Morgan Stanley Says Russia’s Set for Venezuela-Style Default
“We see a default as the most likely scenario,” Simon Waever, firm’s global head of emerging-market sovereign credit strategy, wrote in a Monday note.
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Moody's Cuts Russia Rating to Ca on Rise in Default Risk
Moody's cut Russia's credit rating to Ca on Sunday, the second-lowest rung of its ratings ladder.
Ruble Whipsawed as Exporter Dollar Sales Can’t Offset Rout
Ruble headed for a third day of losses, sinking as low as 110 per dollar.
Credit Suisse Asks Investors to Destroy Documents Linked to Oligarch Yacht Loans
Credit Suisse asked hedge funds, other investors to destroy documents relating to its richest clients’ yachts and private jets.
Ukraine Raises Equivalent of $277 Million From Sale of War Bonds
Ukraine raised 8.1 billion hryvnia ($277 million) in a sale of war bonds, its latest fundraising effort to tap into global support for the country.
Two Russian Oligarchs Call for an End to Putin's War
Russian billionaires Mikhail Fridman and Oleg Deripaska have broken ranks with the Kremlin and called for an end to Russia's war in Ukraine.
UPDATE 3-West Shunts Russian Money Out Into the Cold, Britain Says
Britain said on Monday it was effectively cutting off Moscow's major financial institutions from Western financial markets.
