Russia’s largest geological company, state-owned Rosgeologiya, defaulted on 6 billion rubles ($7.1 million) in bonds following U.S. sanctions. The bonds fell to 19% of their nominal value; the government may repurchase them. In Q2 2024, net loss doubled to 1.3 billion rubles ($140 million).
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2 Comments
Get sanctionrect.
Sanctions dont work. We will only become stronger.(Pootin)
Oh whait…