For weeks, Russian President Vladimir Putin has railed against foes in the West and in Ukraine, where his bloody invasion is bogged down after three weeks.

Now, with no clear end to the hostilities in sight and the Russian economy coming under enormous strain, Mr. Putin has issued an ominous warning: The Kremlin will tolerate no dissent. Moreover, those with ties to the West are squarely in the Kremlin's sights.


Chinese Developer Yango Says It Can't Make Debt Payment

Chinese developer Yango Group Co. said it is unable to pay 5.03 billion yuan (US$792.2 million) in onshore debt that came due early after the company missed payments on offshore bonds last month.

Fujian-based Yango said in a filing to the Shenzhen bourse Friday that it hadn't obtained exemptions from cross-defaulting terms on the onshore debt, which comprises four bonds. Yango in February failed to make $27.3 million in overdue interest payments on two U.S. dollar bonds.


Write to paul.larkins@dowjones.com


Expected Major Events for Friday

05:30/NED: Jan International trade

07:00/SWE: Feb Labour force survey

07:00/ROM: 4Q Employment and unemployment

09:00/POL: Feb Average gross wages

09:00/ITA: Jan Foreign Trade EU

09:00/POL: Feb Industrial Production Index

09:00/POL: Feb PPI

09:30/UK: 4Q Bank of England statistics on UK banks' external claims

10:00/EU: 4Q Labour Cost Index

10:00/EU: Jan Foreign trade

17:59/POR: Jan Balance of Payments

All times in GMT. Powered by Kantar Media and Dow Jones.

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This article is a text version of a Wall Street Journal newsletter published earlier today.


(END) Dow Jones Newswires

03-18-22 0137ET