The US Ministry of Finance will prohibit Russia from Monday to produce any payments on its debt obligations in dollars from accounts in American financial institutions, said Reuters representative of the American department.
“Today is the deadline for Russia to make another debt payment. Russia must choose between the exhaustion of the remaining dollar reserves, the receipt of new income or default,” the representative of the department said.
Agency’s friend The source of the Agency added that the last coupon payments of Russia for sovereign bonds were stopped, without having received permission from the American Ministry of Finance on their processing by the JPMorgan Correspondent. Payments concerned bonds with maturity in 2022 and 2042.
The source noted that Russia has 30 days for payment.
Recall, because of the new Western sanctions, about half of the gold and foreign exchange reserves of the Central Bank ($ 300 billion) are frozen.