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Russia Faces New Urgency to Avoid Default, Sidestep Wall Street - Vimarsana News

Russia Faces New Urgency to Avoid Default, Sidestep Wall Street

(Bloomberg) -- Russia’s race to avoid default just escalated. The country has been inching closer after JPMorgan Chase & Co., under orders from the U.S. Department of the Treasury, halted interest payments the country owed on two dollar-denominated bonds in recent weeks.