US to end Russia’s ability to pay international investors
Written by Black Hot Fire Network on May 24, 2022
WASHINGTON (AP) — The U.S. will close the last avenue for Russia to pay its billions in debt back to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable.
The Treasury Department said in a notification that does not plan to renew the license to allow Russia to keep paying its debtholders through American banks.
Since the first rounds of sanctions, the Treasury Department has given banks a license to . . .
