Bloomberg News reported on the 27th (local time) that Russia has fallen into default (default) for the first time in 100 years because it failed to pay interest on government bonds due to Western sanctions.
Russia had to pay interest on foreign currency denominated government bonds of about $100 million (about 130 billion won) to investors by the 26th, the agreed date, but did not do so.
The original payment date of the interest was the 27th of last month, but a 30-day grace period was applied until default on that day.
Bloomberg reported that Russia's default was 104 years after 1918, and that it declared a moratorium in 1998.