The decision to make the payments in dollars marked a reversal for the Kremlin, whose officials previously indicated they would cover the debt in Russian rubles.
Russia’s Finance Ministry said it made a $564.8 million payment on a 2022 on a dollar-denominated bond said to mature this year and an $84.4 million payment on another bond set to mature in 2042.
In a statement earlier this month, Moody’s noted the use of rubles “represents a change in payment terms relative to the original bond contracts and therefore may be considered a default” unless Russia rectified the situation within a 30-day grace period ending on May 4. Russia has not defaulted on its foreign debt since the Bolshevik revolution of 1917, according to Reuters. The country’s last default of any kind occurred in 1998.REUTERSon multiple occasions since the Ukraine war began in late February.
Russia has responded with economic penalties of its own — including a requirement that so-called “unfriendly” nations in Europe pay for Russian energy in rubles.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Top Kremlin Mouthpiece Says Russia Is Being Forced Into Using NukesWestern support for Ukraine military ops inside Russia will leave the Kremlin with no choice but the nuclear “annihilation” of its neighbour, says one of Putin’s top propagandists.
Les mer »
Kremlin slams West for backing Ukraine’s right to strike Russia backIn an escalating war of words, Russia warned Western countries not to “test our patience” after the United States and United Kingdom publicly backed Ukraine’s right to strike Russian territory following a spate of mysterious fires.
Les mer »
Toxic Paint Attack on Anti-Kremlin Nobel Laureate Was Masterminded by Russian Intelligence, U.S. SaysWeeks after the editor of a pro-democracy Russian newspaper was doused in red paint laced with acetone, chemically burning his eyes, the U.S. government has concluded that the attack was planned by Russian intelligence, according to reports.
Les mer »
Trevor Reed arrives back in the U.S. after prisoner exchange with RussiaTrevor Reed, the former Marine released in a prisoner exchange Wednesday after nearly three years in a Russian jail, has arrived back in the U.S.
Les mer »
Trevor Reed back in US after release from Russia; Trump appeals ruling; NFL Draft is hereThings to know today: American Trevor Reed is back on U.S. soil; Trump appeals contempt ruling; NFL Draft is here; plus, we talk Musk and misinformation.
Les mer »