Today, it is more of a symbolic event, as Russia is already an economic, financial, and political pariah to most of the world.
The extended period for Russia’s unpaid payments on approximately $ 100 million worth of bonds blocked due to extensive sanctions will end Sunday (June 26) night, Bloomberg wrote.
There has been no official announcement, and Russia is already opposing the appointment, but if investors do not receive their money by the deadline, there will be a default on Monday morning, according to bond documents.
Today, it is more of a symbolic event, as Russia is already an economic, financial, and political pariah to most of the world.
Recall that the President of Russia Vladimir Putin signed a decree specifying the procedure for repayment of all external debts of the sanctioned country in rubles – earlier the Russian Federation tried to pay only rubles in Western creditors.
On June 23, Russia’s Ministry of Finance fulfilled its obligations under Eurobonds to foreign lenders in rubles.
Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.