Treasury bars Russia payments in dollars from US accounts ...Middle East

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The Treasury Department is moving to keep the Russian government from making debt payments at US banks with US dollars, restricting one of the strategies President Vladimir Putin is using to stave off default, an agency official said Tuesday. Russia faces several April deadlines to make debt payments. The Kremlin must now choose between draining its remaining valuable dollar reserves, using new revenue coming in or default, said the official, who spoke on the condition of anonymity because the official wasn't authorized to speak on the record. The Treasury decision comes after the agency previously said sanctions levied on Russia over its invasion of Ukraine still permit Russia to continue t

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