Russia is threatened with bankruptcy. For the first time in more than a century, it appears that the Kremlin will not be able to meet its payment obligations.
Interest on Russia’s dollar bonds was due to be paid on Wednesday. The government of Vladimir Putin (69) was obliged to pay $ 117 million to creditors. But the country does not have access to prohibited foreign exchange reserves from abroad, which is why it can only pay in rubles.
Despite the full state coffers: Russia is in danger of bankruptcy(00:55)
Ball in the United States
But according to rating agencies, this is not allowed. For example, Fitch Ratings wrote that a payment in a currency other than the dollar would be considered a default, such as «Handelszeitung» Writes.
Russian Finance Minister Anton Siluanov, 58, said the payment was made in rubles. But: “The ability to fulfill our foreign currency obligations does not depend on Russia.”
Russian Finance Minister insists that he paid the amount. The ball is now in the hands of the United States, he said. It is currently unclear whether his trick worked. Aloud CNN Business A US Treasury spokesman confirmed that the US would allow the payment. (MRL)
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