The lapse of a major US license that allowed Russia to make payments to US holders on its sovereign debt has again taken into account the possibility of the country defaulting on its sovereign debt.
Russia is to pay $100 million in interest on two sovereign bonds on Friday, with more payments due in June.
Here are some questions and answers about what might happen next:
what changed?
A license issued by the US Office of Foreign Assets Control (OFAC) on March 2 allowed transactions between US entities and Russia’s finance ministry, central bank or national money fund in relation to debt payments.
The lapse of a major US license that allowed Russia to make payments to US holders on its sovereign debt has again taken into account the possibility of the country defaulting on its sovereign debt.
Russia is to pay $100 million in interest on two sovereign bonds on Friday, with more payments due in June.
Here are some questions and answers about what might happen next:
what changed?
A license issued by the US Office of Foreign Assets Control (OFAC) on March 2 allowed transactions between US entities and Russia’s finance ministry, central bank or national money fund in relation to debt payments.
