Russia’s historic default: What next for the economy?

Russia has defaulted on its foreign debt for the first time in a century.  Moscow failed to pay $100 million in two government bonds before the 30-day grace period expired.   So is this a sign of the devastating impact of international sanctions on Russia’s economy?  Or is the Kremlin right to claim it isn’t a true ‘default’?  With the help of two experts, we answer these questions and more.