Economic news
White House expects minimal impact on U.S. and global economy from Russia default
2022.05.26 23:55
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.
