Russia Sends $650 Million Bond Payment in Rubles After US Treasury Blocks Dollars

“The Russian Finance Ministry may have avoided technical default on Tuesday by sending $649.2 million in rubles to satisfy bond payments, after the US Treasury on Monday banned them from making dollar debt payments from accounts at US financial institutions.”

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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