The money on the public debt did not go to bondholders
Payment of Russia’s public debt to the United States failed. It is reported by Bloomberg. The US Treasury has blocked the ability to settle with bondholders after the deadline to bring the Russian Federation closer to a technical default. However, the Russian authorities are confident that the country is not in danger of default.
“Russia is back on its default countdown and the next bond payment is in doubt. As of Friday evening, about $100 million in euro and dollar coupon payments had not been received by investors,” Bloomberg reports.
The United States is trying to prevent the Russian Federation from settling with US bondholders on its sovereign debt after the expiration of the documents in order to bring Moscow closer to default. The due date was May 27th. However, the transfer of money is complicated by sanctions against the Russian Federation, imposed due to a special operation in Ukraine. Head of the Ministry of Finance of the Russian Federation Anton Siluanov refuted allegations that Russia is in danger of default. He clarified that the current situation is not the same as the 1998 default. Then Russia did not have enough money to pay off its debts, but now there is money. Now the Russian Federation intends to continue paying in rubles.
Payment of Russia’s public debt to the United States failed. It is reported by Bloomberg. The US Treasury has blocked the ability to settle with bondholders after the deadline to bring the Russian Federation closer to a technical default. However, the Russian authorities are confident that the country is not in danger of default. “Russia is back on its default countdown and the next bond payment is in doubt. As of Friday evening, about $100 million in euro and dollar coupon payments had not been received by investors,” Bloomberg reports. The United States is trying to prevent the Russian Federation from paying off US bondholders on its sovereign debt after the expiration of the documents in order to bring Moscow closer to default. The due date was May 27th. However, the transfer of money is complicated by sanctions against the Russian Federation, imposed due to a special operation in Ukraine. Russian Finance Minister Anton Siluanov denied allegations that Russia is in danger of default. He clarified that the current situation is not the same as the 1998 default. Then Russia did not have enough money to pay off its debts, but now there is money. Now the Russian Federation intends to continue paying in rubles.