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The US Treasury Department will cut off Russia's ability to pay its foreign debts at midnight tonight, making a sovereign debt default all but inevitable in the latest economic blow to Putin.
The U.S. Treasury Department does not plan to renew a license that allows Russia to pay its debtholders through American banks, almost guaranteeing the first Russian foreign debt...
© Reuters. FILE PHOTO: Russian and US flags are pictured before talks between Russian Deputy Foreign Minister Sergei Ryabkov and US Deputy Secretary o
Russia may default on international debt for the first time since the Bolshevik Revolution after the U.S. chose not to extend its license to Russia to pay bondholders.
A default appears inevitable on at least some its US$40 billion (S$55 billion) of international bonds. . Read more at straitstimes.com.