Russia sovereign debt

<!-- -->Explainer-Clock ticks down towards a Russian defaultRussia could face its first sovereign external default in over a century after it made arrangements to make an international bond repayment in roubles earlier this week, even…

<!-- -->Russia avoids historic sovereign debt default, world stocks cheerGlobal stocks gained on Friday after Russia made coupon payments due on two of its sovereign bonds in dollars this week, even as Western sanctions have pushed…