If money does not reach investors in 30 days, a default will be declared
The countdown to the default of Russia has started again: another bond payment is in question, and the Kremlin is trying to find a way out of the situation. Foreign investors have not yet seen in their accounts payments on Russian government bonds, according to the agency Bloomberg .
As of Friday evening, coupon payments in euros and dollars amounting to about $ 100 million have not been credited to investors' accounts, which started a 30-day grace period.
The National Settlement Depository of the Russian Federation assures that “the funds for the payment were withdrawn from the account”.
The Ministry of Finance of Russia, which transferred money to the NSD, believes that” fulfilled all obligations. ” NSD is a registered bondholder. The Russian Finance Ministry believes that this “may support Russia's argument that it avoided default, even if the money was not sent to the accounts of individual investors.”
The United States has banned Russia from servicing its foreign debt. This has sparked a new wave of defaults in the aggressor country. A number of experts predict that it may be announced in late June.
the situation in Russia is already as of March 16, when prepayments were made on external debt. Given the sanctions, experts doubted that Russia would be able to make these payments in dollars. However, at the last minute, Russia found the necessary amount and made payments in dollars.
“For $ 900,000 for the Armed Forces The musicians held an auction. Zelensky fired the head of the SBU of Kharkiv region for not working to protect the city from the first days The president thanked the leadership of the region and the city for effective work during the war. EU foreign policy chief discusses extension of sanctions against Russia with Kuleba The EU continues to promote military aid. Ukrainian military shot down two air targets of the occupiers over Sumy region Probably enemy UAVs. The EU has not agreed on 6 packages of sanctions against Russia – Media There will be a new meeting.
