Russia’s largest geological company, state-owned Rosgeologiya, defaulted on 6 billion rubles ($7.1 million) in bonds following U.S. sanctions. The bonds fell to 19% of their nominal value; the government may repurchase them. In Q2 2024, net loss doubled to 1.3 billion rubles ($140 million).

Russia’s largest geological company, state-owned Rosgeologiya, defaulted on 6 billion rubles ($7.1 million) in bonds following U.S. sanctions. The bonds fell to 19% of their nominal value; the government may repurchase them. In Q2 2024, net loss doubled to 1.3 billion rubles ($140 million).

Source: Swimming-Beyond378