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The US Treasury announced that it would not renew the license to service Russia's external debt and Without this license, the Russian Ministry of Finance will not be able to bring money to holders of its international bonds, if the papers are denominated in US dollars, and if they are denominated in euros, then to American investors.
The European Commission reported that it would not forbid the Russian government to service its Eurobonds and That inability to pay coupon income puts the risk of technical default.
However, the Russian Ministry of Finance carried out the next payment on May 27 a week earlier, and the next payments are scheduled for June 23.
In addition, earlier the Central Bank said that Russia has all the necessary financial resources to avoid default.
