White House expects minimal impact on U.S. and global economy from Russia default

Reuters

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Private Equity: The Woodbridge Company

White House expects minimal impact on U.S. and global economy from Russia default

By Steve Holland and Kanishka Singh WASHINGTON -The White House said on Thursday it expects minimal impact on the U.S. and global economy from a potential Russia debt default as Washington decided to not extend a waiver that enabled Russia to pay U.S. bondholders. "We expect the impact on the U.S. and the global economy to be minimal, given Russia has already been isolated financially,