US stops paying for Russian bonds

The US decision took effect from Monday, April 4, when it halted the payment of $ 600 million to holders. bonds of the Russian government is due.

A bunch of Russian bonds are due to be paid this week, but the US has cut off Russia’s access, making it impossible for the parties to make a transaction.

(Illustration image – Photo: Reuters)

The US side said that only transactions are allowed on a case-by-case basis and for discount bonds for debts denominated in USD.

The purpose of the US is to make it more difficult for Russia with the US dollars that Russia has the right to use to pay off debts or other purposes, but cannot make the transaction. Russia has 15 international bonds outstanding with a face value of about $40 billion.

US sanctions have frozen about half of Russia’s roughly $640 billion gold and foreign currency reserves.

EC proposes ban on coal imports from Russia

VTV.vn – The European Commission (EC) has proposed a number of new economic sanctions against Russia related to the conflict in Ukraine, including a ban on coal imports.

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