What happens to the world if Russia defaults on its debt?

Because of Russia’s invasion of Ukraine, the economic screws have been put to the Russian economy. As a result, Russia is likely to default on its debt. What does that mean for the rest of the world? What are the ripple effects that we could feel here? Dr. Samuel Rosen, Assistant Professor of Finance at Temple University's Fox School of Business is on the podcast to answer those questions and talk about the future of Russia's participation in the global economy.