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For the first time since the Bolshevik revolution, Russia is failing to pay its foreign debt. Following reports that Moscow has failed to repay about $ 100 million in interest on two bonds over a 30-day issue that was issued but ended on Sunday, the White House said such a development shows the power they had over it. place the harsh Western measures imposed after the start of the attack on Ukraine.
“Reports of Russia’s failure to repay its debt for the first time since 1918 show how strong the reaction of the United States and its allies has been, and what a dramatic impact it has had on the Russian economy.” , said a senior US administration official attending the G7 summit in Germany.
Moscow itself denies such information; she claims the payments were made on May 27 in dollars and euros, but says the money was blocked by Euroclear, a Belgium-based financial services company that specializes in settling securities transactions.
“This is a stalemate caused by Western sanctions against our country and it is not our problem,” said Kremlin spokesman Dmitry Peskov.
Such a historic lack of ability to pay was somewhat expected, given that due to sanctions, half of Russia’s foreign exchange reserves abroad were frozen.
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