Alan Rappeport and Eshe Nelson
Posts
U.S. Will Start Blocking Russia’s Bond Payments to American Investors
The Biden administration’s escalation of sanctions could lead to Russia’s first default on foreign debt in a century.
U.S. blocks Russia’s access to dollars for bond payments, heightening risk of default.
The U.S. Treasury tightened its restrictions on Russian financial transactions on Monday, when more than half a billion dollars in bond payments were due.
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