#Ukraine: Russian sovereign debt countdown to May 4. Michael Bernstam, @HooverInst SLS delayed again

Photo: Late in the Soviet Union, the exchange rate set by the government was around 10 rubles to the dollar (black market, very common, was 20 to a dollar).   
Today, it's fallen to close to penny, with major debts due on May 4.

#Ukraine: Russian sovereign debt countdown to May 4. Michael Bernstam, @HooverInst

https://www.bloomberg.com/news/articles/2022-04-20/russia-ruled-in-potential-default-over-ruble-payment-on-bonds?sref=5g4GmFHo

Michael Bernstam @HooverInst , research Fellow at the Hoover Institution,