A Russian default would have "rather limited immediate consequences for the rest of the world", according to Gita Gopinat, deputy managing director and former chief economist of the International Monetary Fund.
Gopinat said the amounts of payments Moscow must pay are "relatively small on a global scale."
"This does not pose a systemic risk to the global economy," she added, but stressed that some banks with greater exposure could be hit harder.
(CNA)
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