A view of the Russian Central Bank headquarters in downtown Moscow on May 26. Russia has defaulted on its foreign debt for the first time since 1918.
Mandatory Credit:	Natalia Kolesnikova/AFP/Getty Images

A view of the Russian Central Bank headquarters in downtown Moscow on May 26. Russia has defaulted on its foreign debt for the first time since 1918.
Mandatory Credit: Natalia Kolesnikova/AFP/Getty Images

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West pushes Russia into its first foreign debt default since 1918

Russia has defaulted on its foreign debt for the first time since the Bolshevik revolution more than a century ago.