Holders of Russian sovereign debt have not received coupon payments on Eurobond issues in the amount of $ 100 million.
The international rating agency Moody’s reported that Russia has not paid its debt obligations abroad. It was reported on the agency’s website on Monday, June 27th.
“On June 27, debt holders with Russian sovereignty did not receive coupon payments on $ 100 million Eurobond issues by the time the 30-day grace period expired, forming a default, “analysts said.
At the same time, Moody’s admitted that “additional defaults on coupons are likely.”
Recall, on the eve of Bloomberg reported that in Russia there is a default on debt sovereignty – the deadline for payment of one hundred million dollars in coupons expired on the night of June 27.
However, the Kremlin said that “the allegations of a default are completely unfounded, since the required payment was made in May.”
Moscow also stressed that experts, not the media, should make statements about the default.
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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.