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Western media celebrate ‘Russian default’

As the grace periods on two Russian eurobond coupons expired on Sunday night, multiple Western media outlets rushed to announce that Moscow was now in a state of default on its foreign currency-denominated debt for the first time in over a century. Bloomberg called it a “a grim marker in the …

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West pushing Moscow toward ‘artificial’ default – Kremlin

Western countries are trying to engineer an artificial default in Russia, Kremlin spokesman Dmitry Peskov said on Wednesday. There is no reason for the country to renege on its obligations, he added. During a briefing with journalists, Peskov was asked whether the recent EU sanctions against Russia’s central securities depository, …

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Default won’t affect Russians – finance minister

While the US is trying to push Russia into default on its foreign debt by blocking payments to bondholders, Moscow will do everything to avoid this from happening, Finance Minister Anton Siluanov said on Thursday. According to him, Russia will offer a tool that will allow all bondholders to receive …

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US engineering artificial Russian default – analyst

The latest US decision to not extend the general license waiver that allows Russia to make sovereign debt payments is an attempt to force the sanctions-hit nation into an “artificial default,” according to Kyle Shostak, the director & CEO at Navigator Principal Investors. The move will “effectively turn Russia’s liabilities …

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US tries to force Russian default

The US Treasury Department announced on Tuesday that it would not extend the sanctions waiver that allowed Russia to make sovereign debt payments to Americans, in a move officials previously said would cause Moscow to be in technical default of its debt obligations.  The general license waiver, which is set …

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Debt default will hardly impact Russia – US Treasury

US Treasury Secretary Janet Yellen on Wednesday confirmed that Washington was unlikely to extend an exemption that allows Russia to make bond payments on its sovereign debt. “The expectation was that it was time-limited,” Yellen said at a press conference in Bonn, Germany. She was referring to the waiver that’s …

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Russia averts default

Russia’s dollar payments on two foreign bonds have reached foreign creditors, Bloomberg reported on Tuesday. Ukraine-related sanctions had been holding up transactions for weeks, fueling fears of a default. Russia settled the $564.8 million payment on a 2022 Eurobond, and a $84.4 million payment on a 2042 bond on Friday, …

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Russia not facing default – central bank

Russia has all the necessary financial resources to allow the economy to function under sanctions pressure, the Governor of the Central Bank Elvira Nabiullina said on Thursday at a meeting of the State Duma. She stressed there is no danger of default for the country. “Russia has the resources, all …

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Russia responds to CNN’s default claim

A report by US media company CNN about an alleged Russian Eurobond default announcement is not true, the Russian Ministry of Finance said on Tuesday. CNN reported Monday, citing credit-ratings agency S&P, that Moscow has defaulted on its foreign debt because it offered bondholders payments in rubles and not in …

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Washington nudges Moscow toward default

The US authorities have stopped the Russian government from paying holders of its sovereign debt more than $600 million from reserves frozen in American bank accounts. “Russia must choose between draining remaining valuable dollar reserves or new revenue coming in, or default,” a US Treasury spokesperson said on Monday as …

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