Cartoon: Russia’s Credibility Cracks

Tymofiy Kornyeyev, Staff Writer • April 13, 2022

Russia has defaulted on its debt owed to the U.S. and other foreign nations, mainly because of its sanctions over the Ukraine conflict. Partially due to its insistence to pay in rubles (the value of which has fluctuated dramatically within the past several months) and to the U.S. freezing $315 billion worth of its foreign currency reserves, Russia has now virtually destroyed the little chance it had of retaining the ability to obtain loans from foreign, mainly Western, banking institutions. (Tymofiy Kornyeyev)

About the Contributor

Tymofiy Kornyeyev

Tymofiy Kornyeyev, Staff Writer

Tymofiy is a junior and guest writer in Carlmont's journalism program making cartoons for the publication. He is interested in movies, video games, technology, and the sciences. Twitter: @808409tymkor

Comments (0)

We invite comments and responses to our content. Comments that are deemed appropriate and relevant will be published.

Share your thoughts...

All Sort: Newest

Activate Search

The student news site of Carlmont High School in Belmont, California.

Cartoon: Russia’s Credibility Cracks