Behind the fight over whether Russia should be allowed to pay off its debts is an age-old issue: Borrowers, even in times of war, want to keep their reputations for making investors whole.
The U.S. Treasury Department this week blocked Russia from paying off a bond it had due on Monday by denying a sanctions waiver to JPMorgan Chase & Co. to process the transfer. The Treasury said U.S. banks would no longer be allowed to facilitate payments, but implied Russia could find other means, possibly using non-U.S. banks.
Source: finance.yahoo.com
Related posts:
Elon Musk’s $21 Billion Mystery: Where Will He Get Cash for Twitter?
Gold Just Hit a Record High. Don’t Buy the Metal, Buy These Stocks Instead.
Average 401(k) balances are down more than 20% this year. Here’s what experts say you should do to m...
Housing prices and interest rates ‘aren’t going back down,’ expert says
How much do I really need to retire? Fidelity wants you to save 10 times your income by age 67. But ...