US to end Russia’s ability to pay international investors

Summary by Ground News

Since the first rounds of sanctions, the Treasury Department has given American banks a license to process any bond payments from Russia. That window expires at midnight May 25. The Treasury Department said in a notification that does not plan to renew the license to allow Russia to keep paying its debtholders through American banks. This will close the last avenue for Russia to pay its billions in debt back to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable.

1 month ago·Washington, United States

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Times of India

russia: US says ending Russia debt payment exemption

Rest of World News: Washington: The United States will end an exemption allowing Moscow to pay its foreign debts with dollars held in Russia as of 0401 GMT Wednesday, the.

1 month ago·Mumbai, India

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BBC News

US closes loophole for Russian debt payments

The move by the US Treasury Department could push Russia closer to default.

1 month ago·United Kingdom

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Reuters

Russia pushed closer to brink of default after U.S. payment license expires

The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its license to pay bondholders, as Washington ramps up pressure following Russia's invasion of Ukraine.

1 month ago·United Kingdom

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The Independent

US to end Russia's ability to pay international investors

The U.S. will close the last avenue for Russia to pay back its billions in debt to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable

1 month ago·London, United Kingdom

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abc News

US to end Russia's ability to pay international investors

1 month ago·United States

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The Star Kuala Lumpur

Russia pushed closer to brink of default after U.S. payment license expires

WASHINGTON/LONDON (Reuters) -The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its license to pay bondholders, as Washington ramps up pressure on the country following its invasion of Ukraine. Read full story

1 month ago·Malaysia

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