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School of Law

Russian debt default: experts explain what it means for Russia and for global financial markets

Professor Rodrigo Olivares-Caminal writes for the Conversation Russia’s recent default on its foreign debt.

Aerial view of St Petersberg

Russia’s recent default on its foreign debt – its first since 1918 – has been hailed as proof that the sanctions imposed by western governments since the invasion of Ukraine in February are working.
Rodrigo Olivares-Caminal, Professor of Banking and Finance Law at Queen Mary University of London, writes on the significance of the defaults from a legal perspective.

Read the full article on The Conversation.

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