Russia: Worst drought in a decade, high temperatures damaged 32 percent of land under cultivation, grain prices may double

Russia’s Drought Raises Bondholder Risk on PricesA farmer driving his tractor to harvest flax at a collective farm in the village of Mirny, in the Tver region (Reuters)Russia’s worst drought in a decade will probably generate losses for bondholders as food prices rise and the government may be pushed to tap debt markets for funds [...] continue reading the breaking news