Russian default no longer ‘improbable,’ but no trigger for global financial crisis – IMF

Russian default no longer ‘improbable,’ but no trigger for global financial crisis – IMF

The total exposure of banks to Russia is ‘not systemically relevant,’ says International Monetary Fund Managing Director Kristalina Georgieva WASHINGTON, USA – Russia may default on its debts in the wake of unprecedented sanctions over its invasion of Ukraine, but that would not trigger a global financial crisis, International Monetary Fund (IMF) Managing Director Kristalina Georgieva … Read more