Now playing Next Nature What are debt-for-nature swaps and how do they work? Debt-for-nature deals are increasingly seen as silver bullets for debt and biodiversity crises. 27/11/2022
Now playing Next Russia Fears of Russian debt default for first time since 1917 revolution Moscow has reportedly missed a Sunday night deadline to pay interest payments, further alienating the country from the global financial system. 27/06/2022
Now playing Next Russia Russia makes last-minute bond payment to avoid default Russia staved off a default on its debt by making a last-minute payment using its precious dollar reserves sitting outside the country, US Treasury officials said. 30/04/2022
Now playing Next Europe Decoded Russia claims it has made first debt payment and avoided a default There were fears that Moscow would default on its bond payments after having its assets frozen due to the invasion of Ukraine. 17/03/2022
Now playing Next United Kingdom Ratcliffe down after meeting about securing wife's release from Iran Ratcliffe has been on a hunger strike since October 24 outside Britain's Foreign Office in an effort to ratchet up the pressure on the British government to secure her release. 12/11/2021