International Monetary Fund Managing Director Kristalina Georgieva said the IMF "no longer considers improbable for Russia to default."
The Russian economy, according to her, is waiting for a deep recession due to new sanctions.
Sanctions have a rather harsh effect on the Russian economy, and we expect a deep recession in Russia,†she said in an interview with CBS (quoted by TASS). More about the default, except for the words that the IMF "does not consider it impossible anymore
Kristalina Georgieva noted that the situation around Ukraine would not lead to a global crisis.
I can tell what we are seeing at the moment. We are lowering our forecasts for global GDP growth in 2022
Press Secretary of the President of Russia Dmitry Peskov said that there are no conditions for a default in Russia. “In fact, as such, there are no conditions for a default unless they are created and imputed to us artificially,†he said.
