Homegold ivestingYellen: U.S. Is ‘Unlikely’ To Let Moscow Continue Making Debt Payments, Forcing Russia Into default
Yellen: U.S. Is ‘Unlikely’ To Let Moscow Continue Making Debt Payments, Forcing Russia Into default
May 20, 2022
The U.S. is considering closing a sanctions carve-out that currently allows Moscow to make payments on $40 billion of sovereign debt, potentially forcing Russia into its first default on foreign-held debt since 1918.
Yellen: U.S. Is ‘Unlikely’ To Let Moscow Continue Making Debt Payments, Forcing Russia Into default
The U.S. is considering closing a sanctions carve-out that currently allows Moscow to make payments on $40 billion of sovereign debt, potentially forcing Russia into its first default on foreign-held debt since 1918.
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