Russian officials said they had made interest payments on government debt, diminishing the imminent risk of a default
NEW YORK: The possibility of an imminent Russian debt default appeared to diminish Thursday following statements from Moscow and news of a payment to JPMorgan Chase, however a ratings agency warned of a continued risk of nonpayment.
The Russian government faced a March 16 deadline to pay $117 million in interest on two dollar-denominated bonds, an obligation that looked vulnerable following a wave of Western sanctions imposed following Russia’s invasion of Ukraine.
The finance ministry said in a statement that a payment order worth $117.2 million “was executed” after it was sent to a bank Monday.
JPMorgan received a payment from the Central Bank of Russia, which the bank processed after…
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