
US cracks down on Russian debt payments, latest sovereign payments halted
CNN
Russia's latest sovereign bond coupon payments have been stopped, a source familiar with the matter and a spokeswoman for the US Treasury said, putting it closer to a historic default.
The latest sovereign bond coupon payments have not received authorization by the US Treasury to be processed by correspondent bank JPMorgan (JPM), the source said.
The payments were due on bonds due in 2022 and 2042.
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