Janet Yellen has confirmed that Washington is likely to block Moscow’s bond payments US Treasury Secretary Janet Yellen on Wednesday confirmed that Washington was unlikely to extend an exemption that allows Russia to make bond payments on its sovereign debt. “The expectation was that it was time-limited,” Yellen said at a press conference in Bonn, Germany. She was referring to the waiver that’s due to expire on May 25. It was issued shortly after the US introduced sanctions against Moscow over the launch of a military operation in Ukraine in February, and allowed Russia to make payments on its government debt to U
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