The US Treasury Department decided to deprive Russia of the opportunity to service its national debt

The US Treasury Department will not renew the general license, which temporarily allowed Russia to make payments to service its foreign debt in dollars under sanctions.

Source: The US Treasury Department

The demand comes into force on the night of May 25.

The expiration of the general license means that Russia will not be able to legally pay its creditors. Financial institutions will regard this situation as a technical default.


See also: The war in Ukraine is a global issue, – US President


 

 

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