Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Russia is in a foreign debt default for first time in a century

Photo: Reuters

For the first time since 1918, Russia has defaulted on its sovereign debt in foreign currency, Bloomberg reported. This was due to international sanctions against Moscow following the Russian aggression in Ukraine and the inability of Russian banks to cover a maturity of $ 100 million in bond coupons.

On the first day of the G7 summit in Bavaria, the leaders of the most industrialized Western countries pledged to provide unlimited support to Ukraine for its defense against the Russian invasion, Bloomberg reported, citing a draft declaration from the forum.

Due to the Russian missile strikes, the United States plans to announce the purchase of NASAMS medium to long range surface-to-air anti-aircraft missile systems for Ukraine this week, CNN reported.

Germany will prepare and send an additional military contingent to defend Lithuania if Russia tries to invade the Baltic state because of the blockade of Kaliningrad, REUTERS reported. At the NATO summit in Madrid on June 28-30, the pact leaders will announce new aid to Ukraine and the Baltic states, the agency said.

The Spanish newspaper El Pais writes that the leaders of the Alliance can decide on the largest military deployment of the organization after the Cold War, doubling NATO forces on the eastern flank.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

From left to right: Dimitar Shalafov, Dragomir Dragomirov, Ivaylo Kukurin and Georgi Todorov.

Local government officials who left the PP said they don't want to be part of backroom deals

At a Sofia City Council (SCC) briefing, municipal officials who recently left the We Continue the Change (PP) party declared they would not be complicit in covering up the truth. The mayors of the capital’s Lyulin and Mladost districts, Georgi..

published on 6/26/25 1:23 PM

Kostadin Kostadinov: The state budget is in the red

The leader of Vazrazhdane party, Kostadin Kostadinov, said in parliament that the state budget was in the red and the expected profits from the Schengen membership were gone. According to Kostadinov, the additional revenues should..

published on 6/26/25 12:19 PM

Ivaylo Mirchev: Kiril Petkov's resignation is a reasonable action

Taking responsibility is a step towards restoring trust in the coalition. This is how PP-DB MP Ivaylo Mirchev commented on Kiril Petkov's resignation and defined it as a reasonable and responsible act, BGNES reported. At the..

published on 6/26/25 10:53 AM