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White House expects minimal impact on U.S. and global economy from Russia default

2022.05.26 23:55

White House expects minimal impact on U.S. and global economy from Russia default
FILE PHOTO: A picture illustration shows Russian rouble banknotes of various denominations on a table in Warsaw, Poland, January 22, 2016. REUTERS/Kacper Pempel/File Photo

WASHINGTON (Reuters) – The White House said on Thursday it expects minimal impact on the U.S. and global economy from a Russia debt default.

“We expect the impact on the U.S. and the global economy to be minimal, given Russia has already been isolated financially,” White House spokesperson Karine Jean-Pierre said in a press briefing on Thursday.

The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its license to pay bondholders, as Washington ramps up pressure following Russia’s actions in Ukraine.

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