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Russia stokes fears of first foreign currency default in more than a century as it attempts payment

From cnbc.com

Russian Finance Minister Anton Siluanov said Wednesday it is up to the U.S. to decide whether crucial interest payments on two dollar-denominated eurobonds go through, stoking fears of Moscow’s first foreign currency debt default in over a century. “The possibility or impossibility of fulfilling our obligations in foreign currency does not depend on us, we have the money, we paid the payment, now the ball is on the side, first of all, of the American authorities,” Siluanov said in an interview with RT Arabic, according to Russian news agency RIA. “The Russian Federation has the necessary money in foreign currency ... (full story)

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