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Russia's bond payment limbo
Russia’s status with its creditors is turning into a matter of he said/she said. Why it matters: A default by the Russian government on its bond payments would cement its status as an outsider of the global financial system. • It could also cause even more losses for investors holding bonds currently worth pennies on the dollar. State of play: Russia's Finance Ministry said that it had made good on the required interest payments due Wednesday on its dollar-denominated bonds, Reuters reports. • That’s after Russia’s finance minister, Anton Siluanov, told state media on Wednesday that the payments might not ... (full story)