Thank the Stars! #WSJ: #Russia Avoids #Default on #Bonds

The Wall Street Journal 

The Morning Ledger: Russia Averts Default; U.S. to End Normal Trade Ties

By Nina Trentmann

Good morning. Russia made good on payments to foreign bondholders, according to investors and traders, averting default on its foreign debt in the face of the war in Ukraine and punishing Western sanctions.

Holders of two Russian dollar bonds said coupon payments arrived Thursday, a day late, but well within the 30-day grace period granted under the terms of the bonds. The Treasury Department has said that current U.S. sanctions don’t prohibit Russia from making debt payments.

For Now - Russia Averts Bond Default

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