US set to fully block Russia’s debt payments after May 25
However, according to the sources, the US Treasury has not yet made a final decision.
The US authorities are ready to fully block Russia’s ability to pay U.S. bondholders after a deadline expires next, Bloomberg reported citing sources.
"The Treasury Department’s Office of Foreign Assets Control is expected to allow a general license that expires May 25 to lapse, according to people familiar with the matter," the agency says.
The waiver, issued shortly after the US levied sanctions on Russia due to its special military operation in Ukraine in February, has given Moscow room to keep paying investors, helping it avert default on its government debt.
One of the sources told Bloomberg that the US Treasury has not yet made a final decision.
On May 10, head of the US Treasury Janet Yellen said that her agency was analyzing the consequences and side effects of possible moves that would result in Russia being banned from making payments to service part of its national debt.
No decision had been made regarding the discussion’s moderator, Dmitry Peskov also noted.
The Kremlin is getting ready for the St. Petersburg International Economic Forum, but the list of the invited heads of state is not available yet, presidential spokesman Dmitry Peskov told the media on Tuesday.
"We are getting ready for the forum," he said.
Peskov answered in the negative, when asked if there was the understanding who of the foreign leaders would arrive for the event.
"I cannot say anything for the time being," he explained, adding that no decision had been made regarding the discussion’s moderator, either.
On Monday, Kazakhstan’s leader Kassym-Jomart Tokayev said at a meeting with Russian President Vladimir Putin that he was going to take part in the SPIEF. Also, his country’s delegation plans to visit the international industrial exhibition Innoprom-2022 in Yekaterinburg.
The 25th St. Petersburg International Economic Forum will be held on June 15-18. More than 500 Russian companies from more than 65 industries have confirmed participation.
Source
The US authorities are ready to fully block Russia’s ability to pay U.S. bondholders after a deadline expires next, Bloomberg reported citing sources.
"The Treasury Department’s Office of Foreign Assets Control is expected to allow a general license that expires May 25 to lapse, according to people familiar with the matter," the agency says.
The waiver, issued shortly after the US levied sanctions on Russia due to its special military operation in Ukraine in February, has given Moscow room to keep paying investors, helping it avert default on its government debt.
One of the sources told Bloomberg that the US Treasury has not yet made a final decision.
On May 10, head of the US Treasury Janet Yellen said that her agency was analyzing the consequences and side effects of possible moves that would result in Russia being banned from making payments to service part of its national debt.
No decision had been made regarding the discussion’s moderator, Dmitry Peskov also noted.
The Kremlin is getting ready for the St. Petersburg International Economic Forum, but the list of the invited heads of state is not available yet, presidential spokesman Dmitry Peskov told the media on Tuesday.
"We are getting ready for the forum," he said.
Peskov answered in the negative, when asked if there was the understanding who of the foreign leaders would arrive for the event.
"I cannot say anything for the time being," he explained, adding that no decision had been made regarding the discussion’s moderator, either.
On Monday, Kazakhstan’s leader Kassym-Jomart Tokayev said at a meeting with Russian President Vladimir Putin that he was going to take part in the SPIEF. Also, his country’s delegation plans to visit the international industrial exhibition Innoprom-2022 in Yekaterinburg.
The 25th St. Petersburg International Economic Forum will be held on June 15-18. More than 500 Russian companies from more than 65 industries have confirmed participation.
Source