Russia fails to pay debt but denies default

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MOSCOW, Russia (AFP) — Russia said Monday that two of its debt payments were blocked from reaching creditors, pushing the country closer to its first foreign default in a century due to sanctions over the Ukraine offensive. The announcement came on the 124th day of Russia’s military intervention in Ukraine, with Western sanctions so far failing to force the Kremlin to change its course. The Western economic penalties have largely severed the country from the […]