Russia responds to CNN’s default claim ...News

The media outlet’s report is clearly false, finance ministry says A report by US media company CNN about an alleged Russian Eurobond default announcement is not true, the Russian Ministry of Finance said on Tuesday. CNN reported Monday, citing credit-ratings agency S&P, that Moscow has defaulted on its foreign debt because it offered bondholders payments in rubles and not in dollars. “Information posted by CNN does not correspond to the facts,” the ministry’s statement said, adding “Russia did not announce the default on its Eurobond commitments.” “Default means the debtor either has no money to honor his debt lia

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