Russia in historic foreign debt default, reports suggest

BBC Business LogoBBC Business1 mo ago

Russia in historic foreign debt default, reports suggest

Quick Summary AI Powered

The country fails to make $100m interest payment due to sanctions and is reported to be in in default.

Russia says the money was sent to Euroclear, a bank which would then distribute the payment to investors.

These restricted the country's access to the international banking networks which would process payments from Russia to investors around the world.

More Pictures

Russia in historic foreign debt default, reports suggest - BBC Business (Picture 1)


Article Details

Author / Journalist: By Ben King

Category: Economy

Topics: Debt Payment Time Investors Russia Default Money Payments Sanctions Russian

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-27, 04:33:32

News Timezone: GMT +0:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 663 words

Coverage Area: United Kingdom

Availability: Desktop Web, Mobile Web

News ID: 15112

View Article Analysis

About BBC Business

BBC Business Logo

Main Topics: Economy

Official Website:

Update Frequency: 9 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 12h ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.