Business Insider: Russia says it sent $650 million bond payment in rubles after US Treasury blocked dollar transfers
* Russia on Wednesday said it had sent $650 million worth of bond payments on dollar bonds in rubles.
* The move comes after the US Treasury blocked Russia from making dollar debt payments using accounts at American banks.
Russia on Wednesday said it had transferred $650 million worth of bond payments in rubles, raising fresh questions about whether the country is heading for an official default.
The move came after the US on Monday banned Russia from making dollar debt payments from accounts at American financial institutions.
Russia’s Finance Ministry on Wednesday confirmed foreign banks had refused to process the $649.2 million payment in dollars, which were due Monday.
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WNU Editor: I can see this ending up in the courts. Creditors suing the U.S. government for their money that is frozen at American financial institutions.
Here is an easy prediction. This is going to take years to resolve.
Russia Pays Foreign Debt In Rubles For The First Time
Russia’s Creditors May Have To Choose Between Getting Paid In Rubles Or Not Getting Paid At All — Forbes
Russia says paid dollar debt in rubles amid default fears — AFP
Russia edges close to default on debt, puts roubles aside for bondholders — Reuters
Moscow pays foreign debt in rubles for first time — RT
Russia Sends $650 Million Bond Payment In Rubles After US Treasury Blocks Dollars — Zero Hedge
Source: Russia Pays Foreign Debt In Rubles For The First Time
Category: Russian sanctions
