Russia averts default ...News

Economy by : (Russia Today) -

Sovereign bond dollar payments due Wednesday are reportedly reaching creditors Russia’s dollar payments on two foreign bonds have reached foreign creditors, Bloomberg reported on Tuesday. Ukraine-related sanctions had been holding up transactions for weeks, fueling fears of a default. Russia settled the $564.8 million payment on a 2022 Eurobond, and a $84.4 million payment on a 2042 bond on Friday, with Russia’s Finance Ministry saying that Moscow sent dollars to the paying agent, the London branch of Citibank N.A. According to Bloomberg, citing its sources, major international clearinghouses have received and pro

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