Ratings agency Moody’s has warned that Russia might have defaulted on its debt since it tried to service its dollar bonds in rubles due to Western sanctions. “Russia reportedly made payments on two bonds maturing in 2022 and 2042 in rubles rather than US dollars which represents a change in payment terms relative to the…
Yellen Says Treasury to Curb Wealth of Russian Oligarchs Over Ukraine War
March 4, 2022
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Business & Economycurb wealth of Russianeconomic policieseconomyEuropeJanet YellenMarketsRussia-Ukraine WarRussianU.S. treasury secretaryWorld
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CHICAGO—Treasury Secretary Janet Yellen said on Wednesday that the United States and Western allies have immobilized half of the assets of the Russian central bank and will continue to impose “severe consequences” on Russian President Vladimir Putin and the wealthy oligarchs who support him if he escalates his war in Ukraine. Yellen, speaking in Chicago…
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