Sanctions-savaged Russia teeters on brink of historic default
A Russian authorities debt default become unthinkable till what Putin referred to as a “unique army operation” in Ukraine started out in overdue February. It had nearly $650 billion of forex reserves, coveted investment-grade credit score scores with S&P Global, Moody’s and Fitch, and become raking in masses of hundreds of thousands of bucks an […]
Will Indian payment systems be able to deal with Russia-like sanctions?
The selection of Visa, Mastercard and PayPal to droop their offerings in Russia as a part of sanctions has drawn interest to the preparedness of the Indian economic machine to address such denial of service. While a number of the efforts to protect the financial system from oligopolies has borne fruit, India isn’t always insulated […]