Russia says it has ordered the $117 million in interest payments it owes Wednesday to be sent to investors, attempting to avoid its first international default in more than a century. But it’s not out of the woods yet.
That’s because the funds the country used to make the debt payments came from Russia’s frozen foreign assets, sanctioned because of its attack on Ukraine — so it remains unclear whether investors will receive their money. Anton Siluanov, Russia’s finance minister, told state media Russia Today that the country had made good on its obligations to creditors. But the „possibility or impossibility of fulfilling our obligations in foreign currency does not depend on us,“ Siluanov said, according to RT, warning that the payment might not go through if the United States disallows it.
