The Kremlin no longer pays its debt in dollars through American banks
11:38
Russia will not be able to pay off its foreign debt in dollars through US banks, the US Treasury Department said. And it blocked the repayment of $600 million in interest on Russian bonds. The US decision makes it difficult for Russia to meet its obligations towards foreign investors and again places Moscow at the risk of so-called technical bankruptcy.
So far, Russia has been paying off its foreign debts without any major problems, despite the ongoing war and the sanctions that the West imposed on the aggressor. The government in the Kremlin uses the special consent of the US, thanks to which American banks could make repayment intermediaries.
Now, however, Americans have changed their minds under the influence of reports of the Bucha massacre. US President Joe Biden called Russian President Vladimir Putin a criminal and called for the establishment of an international tribunal to deal with the crimes of genocide committed by the Russian army.
