Holders of Russia’s external debt, which Washington says is already in default, face unusual circumstances: Moscow has the funds and says it wants to pay but is unable to do so because of sanctions imposed after it invaded Ukraine. The context adds to the complexity: the bonds were issued with unusual terms, the issuer is .
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK (Reuters) - Holders of Russia's external debt, which Washington says is already in default,.
The clock ran out on Russia s payments. But there s a twist: Russia does not consider itself in default because the country has the money, just its payments have been blocked by Western sanctions.
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