US to end Russian ability to pay investors

By Ken Sweet and Fatima Hussein
Updated May 24 2022 - 10:16pm, first published 10:10pm
Russia's ability to keep making debt repayments was always "time-limited", Janet Yellen says.

The US is set to close the last avenue for Russia to pay its billions in debt back to international investors, making a Russian default on its debts for the first time since the Bolshevik Revolution of the early 20th century all but inevitable.

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