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Cryptocurrency exchange Zipmex files for bankruptcy protection in Singapore

Her Zinnia Lee Zipmex has become the latest casualty of the ongoing collapse in cryptocurrencies after experiencing liquidity problems it blames on troubled lenders Babel Finance and Celsius Network. The Singapore-based crypto exchange said on Wednesday that it...

Handelsblatt: Unsecured debt – Is Russia really insolvent?

A lengthy analysis of whether the Russian economy is insolvent is published by Handelsblatt. According to her, when a state has debts, interest is owed - and if a state cannot pay them, it is...

Bloomberg: Russia is just hours away from the first external bankruptcy in a century

After months of acrobatics on the brink of bankruptcy, Russia is just a few hours away from a dramatic moment in the economic dispute that the US and others have waged against the Kremlin over the...

Russia: Pays interest on its debts in rubles and talks about bankruptcy ‘prank’

Moscow has paid in rubles the interest on its debt obligations in dollars, the Russian Finance Ministry announced today, due to Western sanctions that have increased the risk of bankruptcy in recent months. Russia's Finance Minister Anton...

Russia says it will repay the next bond coupon in rubles

Russia plans to repay in ruble its next Eurobond coupon, which expires later in June, the TASS news agency reported on Friday, citing Russian Finance Minister Anton Siluanov. Speaking at the St. Petersburg International Economic Forum, Siluanov...

Peshkov: No real basis for Russia’s bankruptcy – The West is pushing us into artificial bankruptcy

There is no reason for Russia to go bankrupt and not pay part of its debt, said Dmitry Peshkov, a spokesman for the Russian presidency, as the country struggles to find ways to pay interest payments...