Published 2 years ago

U.S. considering move to block Russian debt payments

Summary by Ground News

An exemption to American sanctions has allowed Russia to keep paying its debts since February. That exemption expires on May 25. The decision not to extend the exemption came after the Treasury Department and the State Department analyzed what would happen if Russia defaulted. The economic implications of a default for Russia and the world could be relatively small.

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Times of India

U.S. considering move to block Russian debt payments - Treasury

Bloomberg said the administration has decided against extending the waiver as a way to maintain financial pressure on Moscow. Western sanctions introduced following Russia's invasion of Ukraine ban transactions with Russia's finance ministry, central bank or national wealth fund.

2 years ago·India

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Reuters

U.S. unlikely to extend Russian debt payment licence, Treasury's Yellen says

BONN, Germany - The United States is unlikely to extend a soon-to-expire licence that allows Russia to pay U.S. bondholders, Treasury Secretary Janet Yellen said on Wednesday, which could put Moscow closer to defaulting on its debt. Russia has so far managed to make its international bond payments even though Western sanctions ban transactions with Russia's finance ministry, central

2 years ago·United Kingdom

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Global News

Biden administration may block Russia from paying debts to U.S. bondholders: official - National

A temporary licence has allowed Moscow to keep paying investors and avert default on its government debt, and allowed U.S. investors to continue to collect coupon payments.

2 years ago·Toronto, Canada

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