The other side argues that “this happened because of sanctions, but sanctions were fully in your control," said Jay S. Auslander, a top sovereign debt lawyer at the firm of Wilk Auslander in New York.
What's the impact of a Russian debt default?
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“While there is a possibility that some magic could occur" and Russia gets the money through financial institutions to bondholders despite sanctions, “nobody’s making that bet," said Jay S. Auslander, a top sovereign debt lawyer at the firm of Wilk Auslander in New York.
Russian debt default: What's the impact?
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