South Africa may benefit from Russian crisis

As Russia’s economic crisis escalates, in the wake of a slew of war-related financial sanctions from the West, the Kremlin risks being pushed to a debt default.

If this happens, it will be Russia’s first sovereign default since its financial crisis in 1998, which spread virulently through emerging market economies worldwide — causing various countries’ market indices to plummet.

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Sarah Smit
Sarah Smit
Sarah Smit is a general news reporter at the Mail & Guardian. She covers topics relating to labour, corruption and the law.

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