
Sanctions have sharply raised chance of a Russian default, JPMorgan warns
CNN
Russia's stock market remains shut down. The ruble is worth less than a penny. And Western businesses are fleeing. JPMorgan warns a Russian default could be next.
"Sanctions imposed on Russia have significantly increased the likelihood of a Russia government hard currency bond default," JPMorgan emerging markets strategists wrote in a note to clients on Wednesday.
Russia may have the cash to make its debt payments. The Central Bank of Russia lists a staggering $643 billion of international reserves.

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As a shrinking number of Transportation Security Administration agents work to keep hourslong security lines moving despite not being paid, President Donald Trump stepped into the fray Saturday, announcing he will send Immigration and Customs Enforcement officers to airports by Monday if Congress doesn’t agree to a plan to end the partial government shutdown.











