(Moscow) The Russian Ministry of Finance on Monday rejected any idea of default, while admitting that because of the sanctions, two installments did not reach creditors before the deadline on Sunday.
Posted at 7:19
The ministry said it made two interest payments on May 20, but these were blocked by intermediaries. “The failure of investors to obtain the money is not the result of non-payment, but is caused by the action of third parties, which is not directly considered […] as a case of default,” he says.