Russia Is Paying Off Bonds At The Last Minute To Avoid Bankruptcy
The amount of the payment was not disclosed, but earlier this month Russia’s Finance Ministry said it had tried to pay a $ 649 million payment expiring on April 6 for two bonds to an unknown US bank – formerly known as the JPMorgan Chase. At the time, tougher sanctions on Russia’s invasion of Ukraine prevented the payment from being accepted, so Moscow tried to pay off the debt in rubles....