[CNA] Questions about Russia's ability to pay its debts

[/ATTACH][BR] Russia is expected to pay $117 million in interest on two dollar-denominated government bonds on Wednesday - the first such payment since its invasion of Ukraine, which led to a raft of sanctions from Western capitals and countermeasures from Russia.

As Reuters reports, the Russian Finance Ministry said on Monday it had instructed a correspondent bank to pay interest on eurobonds, totalling $117.2 million, which must be paid on Wednesday. [BR][BR]The diplomatic standoff and financial restrictions have sparked questions about whether and how Russia will make the payment, raising the specter of its first major foreign debt default since 1917, when the Bolsheviks refused to recognize the tsarist debt at the outbreak of the revolution.
(CNA)

CNA - Reuters
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