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Russia Averts Debt Default by Paying $117 Million Interest to Foreign Bondholders

Russia made a payment of $117 million to service the interest on its debt in United States dollars on Wednesday. The interest payment prevents Russia from defaulting on its loan after a 30-day grace period. The payment was made to JPMorgan Chase who forwarded it to Citibank for onward distribution to relevant banks. The last […] ....

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