Bank Of Baku

U.S. cracks down on Russian government debt payments-UPDATED

U.S. cracks down on Russian government debt payments-UPDATED
# 05 April 2022 05:15 (UTC +04:00)

Russia made its first foreign debt payment of $ 117.2 million after the freezing of foreign exchange reserves on March 14, APA reports citing  Bloomberg.

Despite the sanctions, Russia will be allowed to repay its debt in dollars in May.

***05.15

The U.S. Treasury will not permit any dollar debt payments to be made from Russian government accounts at U.S. financial institutions starting on Monday, said in a statement a Treasury spokesperson, APA reports citing Reuters.

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