re: Update pg 23: Russia,IMO, will default on its sovereign debt within six months

quote:

---

A key move Russia could and should make to aid in stopping the ruble's free fall is to work with the Ukrainian government to end the conflict there, so that the U.S. and Europe would lift sanctions.

If Russia doesn't come to the table – and soon – then we will likely see a repeat of the 1998 collapse of Russia's economy. This time, it would be worse.

Russia's 1998 default hit investors hard, and that memory is still fresh, so it will be far more difficult this time for Russia to entice foreign capital – no matter where the interest rate is set.

---