Russia’s National Settlement Reserve (NSD) has successfully paid Eurobonds (its foreign-denominated foreign currency bonds) coupons, maturing in 2026, in foreign currency, and the payment deadline expired on May 27, an NSD spokesman told the agency. Reuters.
Russia is facing a unique kind of debt crisis, as it has the resources to meet its obligations, but due to the war it has unleashed against Ukraine and the subsequent sanctions imposed by the West, it has become extremely difficult to access foreign exchange and make payments abroad.
If Russia goes bankrupt, at least in part, it will probably be the first bankruptcy to have purely geopolitical features and have nothing to do with “empty funds”.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
