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

By Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University
Rodrigo Olivares-Caminal, Professor of Banking and Finance Law, Queen Mary University of London

Russia’s recent default on its foreign debt – it’s first since 1918 – has been hailed as proof that the sanctions imposed by western governments since the invasion of Ukraine in February are working.

A 30-day grace period on US$100 million (£82 million) in interest on two bonds ended on June 27 2022, with Russia’s repayments on this foreign debt not…

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~	Seychelles: floating baby corals can help save damaged reefs – new study

~	Snakebites can destroy skin, muscle, and even bone – exciting progress on drugs to treat them

~	Small businesses can help South Africa fight unemployment if they get proper support – study

~	The Details: could a ‘quiet COVID book’ win the 2024 International Booker prize?

~	LGBTQ+ teachers don’t receive the training and support they need

~	Five ways to keep towns cool in a heatwave

~	Britain’s railways were never properly privatised – here’s how they could return to greater public control

~	Smoking fentanyl can cause irreversible brain damage, report shows

~	How Neanderthal language differed from modern human – they probably didn’t use metaphors

~	US election: why Latino and Hispanic voters are shifting to Trump after a long history of supporting the Democrats