Russia Debt Default Could See the US Seize the Country's Assets: Economist
The US seized Afghanistan's central bank reserves and could do it again with Russia, according to the consultancy Oxford Economics.
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The US seized Afghanistan's central bank reserves and could do it again with Russia, according to the consultancy Oxford Economics.
Russia has tried to pay its dollar debts in rubles, but bondholders told Insider that's not a viable option.
Finance Minister Anton Siluanov argued Russia has not defaulted on its debts, but said it would nonetheless halt bond sales.
The risk of a default has skyrocketed, judging by the price of credit-default swaps on Russian bonds.
The risk of a Russian debt default rose after the US Treasury blocked JPMorgan from processing the government's dollar bond payments.