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

Experts discuss students’ access to social networks

The Bulgarian Ministry of Education and Science is organizing a national round table on 20 November on the topic “Are Restrictions Needed on Children’s Access to Social Networks?”   The initiative is in cooperation with the parliamentary..

published on 11/20/25 6:05 AM

Lukoil says it reserves right to seek legal protection in Bulgaria

Russia’s Lukoil said it reserves the right to pursue legal action to defend its rights and legitimate interests in Bulgaria after a special administrator took control of its local assets. LUKOIL Neftohim special administrator removes board chair..

published on 11/19/25 5:50 PM

EBRD to establish a technology center in Bulgaria focused on AI

The European Bank for Reconstruction and Development (EBRD) will open a technology center in Bulgaria focused on emerging technologies such as Big Data , artificial intelligence, cybersecurity, and cloud services. This becomes possible after the..

published on 11/19/25 4:58 PM