Thank you for sharing!

Your article was successfully shared with the contacts you provided.

For the state of Russia’s finances, consider places like Chukotka, the territory separated from Alaska by a narrow strait.

The government there has racked up debt equal to 144 percent of its revenue, excluding federal grants which are the highest in Russia, according to Standard & Poor’s. Regions from Belgorod near Ukraine to three North Caucasus republics are also prompting concern with ratios topping 100 percent. The premium investors demand to hold Russian municipal bonds over sovereign securities is the highest in more than a month and 103 basis points more than last year’s average, according to UralSib Capital data.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.