Bond default would make it harder for Russia to find lenders - US Treasury official - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Western sanctions have immobilized the foreign exchange assets in Russia's central bank and prohibited international banks from dollar and euro transactions with sanctioned Russian financial institutions - including the central bank - complicating any payments.

Russia, which is pursuing an increasingly destructive invasion of Ukraine, has $117 million in payments due on Wednesday on two dollar-denominated euro bonds. Deputy US Treasury Secretary Wally Adeyemo earlier told CNBC that Russia’s choices in how it pays its debts will drain resources from President Vladimir Putin’s ability to continue the war in Ukraine.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: U.S. Says Russia Made Unusual Request for Chinese Aid on UkraineU.S. officials say Russia has asked China for military assistance for its war in Ukraine, an unusual request that suggests Vladimir Putin has faced more setbacks than he imagined in his invasion. Fake News 🤣🤣🤣 and here I thought the dailymaverick don't report fake news. They so far up the US ass that they comprise their own integrity.
Source: dailymaverick - 🏆 3. / 84 Read more »