Russian debt defaults are surging, with a quarter of the bond market at risk, while Putin hides in bunkers fixated on his war instead of the economy
Russia is experiencing a surge in bond defaults, with 11 technical defaults already occurring in the first three months of 2026 compared to 24 in all of 2025 and 11 in 2024, indicating accelerating financial distress. Approximately a quarter of Russia's bond market faces default risk as government focus remains on military operations rather than economic stabilization.

