The Western economic penalties have largely severed the country from the international financial system, making it difficult for Moscow to service its debt, and Russian authorities insist they have the funds to honour the country's debt
A woman pictured by a U.S. dollar sign at the entrance to the exchange office on June 27, 2022, in Moscow, Russia. Russia has defaulted on its foreign debt for the first time in over a century, after a grace period on missed interest payments expired on Sunday. Image: Contributor/Getty Images