Tag: Russia debts

Financial Instability In Russia’s Regions Already ‘Worse Than Default,’ Zubarevich Says

June 11, 2015

Staunton, June 11 – Novgorod oblast was technically in default earlier this year because of poor management and because Moscow paid the region what it owed a month after debt payments became due, Natalya Zubarevich says, but she suggests that there won’t be a series of defaults. What there will be is something worse – […]