HomeNewsNewsHolders of Russian Debt Say They Won’t Accept Rubles, As Default Nears

Holders of Russian Debt Say They Won’t Accept Rubles, As Default Nears

  • Holders of Russian dollar bonds have said they cannot accept rubles, in the latest sign the government is headed for a default.
  • Russia last week transferred rubles to make bond payments, after the US Treasury blocked its attempts to pay in dollars.
  • The country has been cut off from much of the global financial system following its invasion of Ukraine in late February.

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