With dollar prices plummeting to the 40s, the yield on this Russian external bond has exploded reflecting a higher probability of non-payment by the government.
Yet even this elevated level doesn't capture fully the significant increase in the risk of default to creditors. pic.twitter.com/dCP8i7Uk4L

— Mohamed A. El-Erian (@elerianm) March 1, 2022

A thread on Russia

It will be becoming clear to those around Putin, the first and second tier of ‘siloviki’ (security apparatus), oligarchs and technocrats that make up the ‘greater Kremlin’, that whatever happens with this war,

— Gabriel Gatehouse (@ggatehouse) February 28, 2022

Neutral Swiss poised to freeze Russian assets – president https://t.co/nOMke5RFnw

— Michael McFaul (@McFaul) February 27, 2022

We seem to be tailspinning into chaos. I have covered crises before, but nothing comes even close:

1) BP decided to take a hit of as much as $25 billion, just to leave Russia immediately. https://t.co/p1szC1GRuj

— Nikos Chrysoloras (@nchrysoloras) February 27, 2022

Russia central bank urges calm amid cash run fears https://t.co/adgetBfIRa

— BBC News (World) (@BBCWorld) February 27, 2022