telegraph.co.uk: Russia has defaulted on its foreign debts for the first time in a century, in a humiliating blow to Vladimir Putin that further freezes his country out of the Western financial system.After narrowly swerving non-payment several times since launching an invasion of Ukraine in late February, Moscow failed to pay $100m of coupons on bonds due last month, for which a 30-day grace period ended on Sunday.Payment had been rendered pract...

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