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Title : US Blocks Russia From Making $600 Million Bond Payment. Risks Of A Russian Default Now Rising
link : US Blocks Russia From Making $600 Million Bond Payment. Risks Of A Russian Default Now Rising

US Blocks Russia From Making $600 Million Bond Payment. Risks Of A Russian Default Now Rising

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Russia's Central Bank. MT  

Business Insider: The US blocks Russia from making a $600 million bond payment as it ramps up the pressure on Moscow 

* The US Treasury blocked Russia's attempt to pay more than $600 million due on sovereign dollar bonds Monday. 

* The Treasury will no longer allow Russia to make sovereign bond payments using accounts at American banks. 

* It ramps up the pressure on Moscow, which is facing tough economic sanctions over its war in Ukraine. 

The US Treasury has blocked Russia's attempt to pay more than $600 million due on foreign sovereign bonds, as it tries to ramp up the economic pressure on Moscow. 

Up until Monday, the Treasury had been allowing American banks to process the payments so that money would reach US bondholders, despite the tough sanctions imposed over Russia's invasion of Ukraine.  

Read more ....  

WNU Editor: The risk of Russia now defaulting has raised to 87.5% .... Russia Five-Year Default Risk Jumps to 87.7% After U.S. Ban (Bloomberg). 

US Blocks Russia From Making $600 Million Bond Payment  

U.S. stops Russian bond payments in bid to raise pressure on Moscow -- Reuters  

Russia’s Effort to Avoid Default Undermined by New U.S. Sanction -- Bloomberg  

Treasury blocks Russia from paying debt out of U.S. accounts -- Politico  

Russia debt default prospect resurfaces as U.S. blocks bond payment -- CNBC  

Russia Risks Default as U.S. Blocks Payments from U.S. Banks -- Moscow Times/AFP

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