dollars. it can t pay it back in another currency but russia now says that it will repay investors from unfriendly countries, quote, unquote, unfriendly that have sanctioned russia in rubles and different currencies. now russia has a total of $121 billion worth of debt that s due in various different countries, but this particular payment it has to make in u.s. dollars f. it doesn t make in dollars and it makes it in rubles, it will be deemed to be in default of its debt. interest rates could spike and this could push the russian economy further into the doll drums. one of the reasons they say they can t pay this back in dollars is because they ve lost access to the dollar market. $315 billion worth of currency reserve have been frozen as a result. so, again, this is all about sort of strangling of the pursestrings for russia but it