Treasury halts Russia from paying debt via its U.S. accounts
Tue, Apr 5, 2022 9:11 AM

Treasury halts Russia from paying debt via its U.S. accounts

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The U.S. Treasury has suspended dollar debt payments from Russian government accounts at U.S. banks. The move resulted in mounting pressure on Moscow to find alternative funding sources to pay bond investors. The situation leaves the country with three unattractive options-- draining dollar reserves held in its own country, spending new revenue, or going into default.

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