The last time Russia defaulted on foreign debt was in 1917.
Russia's default against the background of currency restrictions now looks almost “inevitable” , Bloomberg reports.
On April 7, the US Treasury banned dollar payments from Russia's government accounts in US banks. The Central Bank's external assets were frozen even earlier.
Having lost the ability to pay its debts in foreign currency, on April 4 Russia was forced to make payments on Eurobonds in rubles .
“This is one step closer to counting down to default. It began when Russia invaded Ukraine and the United States and the West imposed sanctions on Russian banks, companies and oligarchs, “the statement said. – look for workarounds or arguments to avoid default.
“Finance Minister Anton Siluanov has time to find a workaround or put forward his arguments against declaring default, for example, that purely technical payment was carried out “, – it is said in the material.
If Siluanov's plans fail, Russia will face a sovereign debt default on May 4. The last time Russia defaulted on foreign debt was in 1917, and on domestic debt in 1998.
See the special topic: means the Alliance is preparing to strengthen its borders and repel possible Russian aggression. Mexico condemns Russian invasion of Ukraine More than a month after the war, the Mexican president recorded a video address in support of Ukrainians. Ukraine launches humanitarian cargo delivery project by Ukrzaliznytsia and Ukrposhta In Mykolayiv oblast seven missile strikes The enemy is trying to intimidate locals and cause panic. Pushylin decided to ban the OSCE SMM in the quasi-republic of the DNR By April 30, the mission's representatives must leave the occupied territory.
