Putin keeps the ruble surging as Russia makes 11th-hour effort to avoid default
CNN
Russian President Vladimir Putin's efforts to support the ruble continue to pay off — and then some.
Russia's currency hit a two-year high against the US dollar Friday. The ruble gained ground after the country said it managed to pay back creditors with dollars as Russia tries to avoid a default.
The country's finance ministry said in a statement that it made a $565 million eurobond that was due this year, as well as an $84 million eurobond that was set to mature in 2024. Both payments were made in US dollars, the finance ministry claimed, as required by the bond's contract stipulations.
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