The Russian financial crisis and creditors: an unprecedented situation
Reuters deals with the economic aspect with an analysis: while Russia faces a potential default, investors evaluate legal options. 30-day grace on $649 mln debt payments due April 4. U.S. Treasury banned use of frozen funds for debt payments. Moscow says Western sanctions blocked US$ payment. Litigation can be costly, lengthy. [Analysis: As Russia faces potential default, investors weigh legal options – Reuters]
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