US ‘likely’ to scrap Russia debt payment exemption: Yellen

May 19, 2022 9:35 AM

BONN, Germany (AFP, REUTERS) – The United States will likely end an exemption allowing Moscow to pay its foreign debts with dollars held in Russia, its treasury secretary said on Wednesday (May 18), a move that could push the country into its first external debt default since the 1917 Russian revolution.

Source : https://www.straitstimes.com/business/economy/us-likely-to-scrap-russia-debt-payment-exemption-yellen

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