Moscow pays foreign debt in rubles for first time ...News

Russia Today - Economy

Russia’s reserves remain blocked, while the US bans banks from processing payments Russia has paid foreign holders of Eurobonds in rubles for the first time after an attempt to settle the $649.2 million payment was rejected by a foreign financial institution under orders from Washington, the Russian Ministry of Finance announced on Wednesday. Earlier this week, the US Treasury stopped Russia from paying holders of its sovereign debt more than $600 million from reserves held in US bank accounts, saying that the Kremlin had to choose between draining its dollar reserves and default. Roughly half of Russia’s foreign

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Moscow pays foreign debt in rubles for first time ...News

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