Russia Judged to Have Breached Terms on Bond Payment

The video discusses Russia's technical default due to a missed interest payment on a bond, leading to a $3.2 billion payout on credit default swaps. Although not a full sovereign default, it has significant financial implications. The market had anticipated this, with a high implied probability of default. The video explores the potential causes, including US government actions, and the impact on creditors and financial markets. It also examines who currently holds the debt and the future outlook as the situation develops.

What implications does the default have for Russian corporates mentioned in the text?

Who are the potential holders of the Russian sovereign debt as discussed in the text?