Business

Why Russia does not want to default, even in wartime


Behind the fight over whether Russia should be allowed to repay its debts lies an age-old question: Borrowers, even in times of war, want to retain their reputation for making investors whole.

The US Treasury Department this week prevented Russia from repaying a bond it owed on Monday by denying JPMorgan Chase & Co. a sanctions waiver to process the transfer. The Treasury said US banks would no longer be allowed to facilitate payments, but hinted that Russia could find other ways, possibly using non-US banks.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.

smsmalex

Evil pop culture advocate. Alcoholaholic. Unapologetic web ninja. Coffee maven
Back to top button