**Russia says it had to pay roubles to holders of Eurobonds**** The Russian finance ministry said on Wednesday it had to pay roubles to holders of its dollar-denominated Eurobonds maturing in 2022 and 2042 as a foreign bank refused to process Russia’s order to pay $649.2 million to holders of its debt. https://financialpost.com/pmn/business-pmn/russia-says-it-had-to-pay-roubles-to-holders-of-eurobonds-2 **"U.S. blocks Russia’s access to dollars for bond payments, heightening risk of default.**** The U.S. Treasury tightened its restrictions on Russian financial transactions on Monday, when more than half a billion dollars in bond payments were due. https://www.nytimes.com/2022/04/05/business/russia-debt-dollars.html Lebanese government declares bankruptcy The Lebanese government has declared bankruptcy following an economic recession that has lasted more than two years. On Monday 4 April, Lebanon’s Deputy Prime Minister, Saadeh al-Shami announced "the bankruptcy of the state and the **Central Bank of Lebanon****". Speaking to the Saudi channel al-Arabiya, Saadeh said that the losses would be distributed to the state, the Banque du Liban, banks and depositors. “There is no conflict of views about the distribution of losses,” he added. https://euroweeklynews.com/2022/04/04/lebanese-government-declares-bankruptcy/ Sri Lanka on the brink of bankruptcy after worst economic crisis in history "Irrational policy decisions of Rajapaksas have destroyed its economy" https://www.theweek.in/theweek/cover/2022/03/24/sri-lanka-on-the-brink-of-bankruptcy-after-worst-economic-crisis-in-history.html Deutsche Bank is the first big bank to forecast a US recession The Federal Reserve's fight against inflation will spark a recession in the United States that begins late next year, Deutsche Bank warned on Tuesday. The recession call -- the first from a major bank -- reflects growing concern that the Fed will hit the brakes on the economy so hard that it will inadvertently end the recovery that began just two years ago. "We no longer see the Fed achieving a soft landing. Instead, we anticipate that a more aggressive tightening of monetary policy will push the economy into a recession," Deutsche Bank economists led by Matthew Luzzetti wrote in the report. https://edition.cnn.com/2022/04/05/business/recession-inflation-economy/index.html