The ball is in the United States’ court as to whether payments due on Wednesday on two Russian dollar-denominated Eurobonds will go through, and Washington should clarify whether the settlements are possible, Finance Minister Anton Siluanov said. The economic cost of Russia’s actions in Ukraine has been fully exposed as President Vladimir Putin’s sanctions-ravaged government teeters on the brink of its first international debt default since the Bolshevik revolution. Speaking in an interview with RT Arabic, Siluanov said Russia had sent an order on Monday to a correspondent bank for the payment of $117 million in coupons, and that it was now up to authorities in the United States on whether to accept it. “The capability or incapability of meeting our obligations in foreign currency equivalent does not depend on us, we have the money, we have made the payment, now the ball is in the court, primarily, of the …
Ball in US Court on Russian Eurobond Payments, Finance Minister Says
March 16, 2022
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