White House expects minimal impact on U.S. and global economy from Russia default


FILE PHOTO: A picture illustration shows Russian rouble banknotes of various denominations on a table in Warsaw, Poland, January 22, 2016. REUTERS/Kacper Pempel/File Photo

WASHINGTON (Reuters) - The White House said on Thursday it expects minimal impact on the U.S. and global economy from a Russia debt default.

"We expect the impact on the U.S. and the global economy to be minimal, given Russia has already been isolated financially," White House spokesperson Karine Jean-Pierre said in a press briefing on Thursday.

The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its license to pay bondholders, as Washington ramps up pressure following Russia's actions in Ukraine.

(Reporting by Steve Holland in Washington, writing by Kanishka Singh)

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