​These Were The Largest Sovereign Debt Defaults In Modern History – Tyler Durden

These Were The Largest Sovereign Debt Defaults In Modern History In July, Ukraine avoided defaulting on $20 billion in loans by reaching a preliminary agreement with private creditors. Given the financial burden of war, the country suspended interest payments on international debt over the last two years, which was set to expire on August 1, 2024. Without this new debt restructuring, this default would have ranked among the 10 largest in recent history. The last time Ukraine defaulted on its debt was in 2015, after Russia’s invasion of Crimea. This graphic, via Visual Capitalist’s Dorothy Neufeld, shows the largest sovereign…  — Continue at ZeroHedge News : Read More