EC: Russia's default is matter of time

Russia's default is a matter of time, European Commission President Ursula von der Leyen said, Report informs via RBC Ukraine.

"Because European sanctions against Russia are penetrating the country's economy more and more every week. Exports to Russia have fallen by 70 percent. Seven hundred Russian planes lost their licenses due to a lack of spare parts and software updates. Hundreds of large companies and thousands of specialists are turning their backs on Russia. According to current forecasts, Russia's gross domestic product will fall by 11%," Ursula von der Leyen said.