Russia Makes Early Debt Payment Ahead Of Reports That The U.S. Will Ban Russian Debt Payments

Reuters: Russia makes early debt payment dash in bid to swerve default

LONDON (Reuters) - Russia initiated payment on two of its external bonds on Friday in an attempt to stave off a looming sovereign default ahead of a key U.S. licence allowing such transfers expiring next week.

The finance ministry said it channelled $71.25 million on coupon payout for dollar-denominated Eurobonds maturing in 2026 and 26.5 million euros ($28 million) on papers due in 2036.

Russia has faced the prospect of sovereign default since Western capitals imposed sweeping sanctions in the wake of its invasion of Ukraine on Feb. 24 as well as Moscow introducing counter-measures. The country has been all but severed from the global financial fabric.

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Update: Russia says it paid its Eurobond coupons in full (RT)

WNU Editor: Here are Russia's debt payments for 2022 .... Here’s a list of Russia’s upcoming debt payments (CNBC).

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