Russia makes last-minute bond payment to avoid default
- Date: 30-Apr-2022
- Source: Euronews
- Sector:Financial Services
- Country:Gulf
Russia makes last-minute bond payment to avoid default
Russia staved off a default on its debt Friday by making a last-minute payment using its precious dollar reserves sitting outside the country, US Treasury officials said.
The amount of the payment was not disclosed, but earlier this month Russia’s finance ministry said it tried to make a $649 million (€615.5 million) payment due April 6 toward two bonds to an unnamed US bank — previously reported as JPMorgan Chase.
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