Ball in US Court on Russian Eurobond Payments, Finance Minister Says

Ball in US Court on Russian Eurobond Payments, Finance Minister Says
Russian Finance Minister Anton Siluanov delivers a speech during a session of the lower house of parliament in Moscow, Russia, on March 11, 2020. Evgenia Novozhenina/Reuters
Reuters
Updated:

The ball is in the United States’ court as to whether payments due on Wednesday on two Russian dollar-denominated Eurobonds will go through, and Washington should clarify whether the settlements are possible, Finance Minister Anton Siluanov said.

The economic cost of Russia’s actions in Ukraine has been fully exposed as President Vladimir Putin’s sanctions-ravaged government teeters on the brink of its first international debt default since the Bolshevik revolution.