Mairead Farrell (Galway West, Sinn Fein) | Oireachtas source

I apologise for not being here earlier. I agreed to attend another colleague whose household was struck down by Covid and did not realise this meeting was going to be on at the same time, so I missed the entire thing. If I repeat something somebody else has said, please let me know. We saw on Sunday that Putin's regime indicated its sovereign bond repayments could be conditional on the financial sanctions imposed on it by the west. In 1998, it defaulted on $40 billion in domestic debt after the Asian debt crisis and falling oil prices shook confidence in its short-term rouble debt. Will the witnesses outline the impact of such a default?