The Kremlin owes about $40bn but has been shut out of the international financial system since the invasion of Ukraine
Russia has defaulted on its foreign debt for the first time since the 1917 revolution, according to reports, further alienating the country from the global financial system after sanctions imposed over its war in Ukraine.
The country missed a deadline of Sunday night to meet a 30-day grace period on interest payments of $100m on two Eurobonds originally due on 27 May, Bloomberg reported on Monday morning.
Some Taiwanese holders of Russian Eurobonds said on Monday that they had not received interest payments due, two sources told Reuters.
Official confirmation of the default was expected to come from international ratings agencies.
Russia’s efforts to avoid what would be its first major default on international bonds since the Bolshevik revolution more than a century ago hit a insurmountable roadblock in late May when the US treasury department’s office of foreign assets c (OFAC) effectively blocked Moscow from making payments.
https://www.theguardian.com/world/2...-for-first-time-since-1917-revolution-reports
අපේ ප්රශ්නේ නෙමේ වුන්ට තියෙන්නේ
Russia has defaulted on its foreign debt for the first time since the 1917 revolution, according to reports, further alienating the country from the global financial system after sanctions imposed over its war in Ukraine.
The country missed a deadline of Sunday night to meet a 30-day grace period on interest payments of $100m on two Eurobonds originally due on 27 May, Bloomberg reported on Monday morning.
Some Taiwanese holders of Russian Eurobonds said on Monday that they had not received interest payments due, two sources told Reuters.
Official confirmation of the default was expected to come from international ratings agencies.
Russia’s efforts to avoid what would be its first major default on international bonds since the Bolshevik revolution more than a century ago hit a insurmountable roadblock in late May when the US treasury department’s office of foreign assets c (OFAC) effectively blocked Moscow from making payments.
https://www.theguardian.com/world/2...-for-first-time-since-1917-revolution-reports
අපේ ප්රශ්නේ නෙමේ වුන්ට තියෙන්නේ
