Live Update
From the Liveblog of
Thursday, March 17, 2022
Russia reports making debt interest payments, avoiding default
MOSCOW — Russia’s finance ministry says it has carried out interest payments on two foreign bonds following fears Moscow may default on its debt after facing unprecedented Western sanctions over Ukraine.
“The payment order… worth $117.2 million due on March 15 was sent to a correspondent bank account on March 14 and was executed,” the ministry says in a statement.
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