Russian Debt Payments Confront US Treasury With a Tough Call
- It’s whether to bar dollar payments that could force default
- Alternative to allow payments that would drain Russian coffers
Photographer: Tom Williams/CQ Roll Call/Bloomberg
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As Russia faces another round of payments on its sovereign debt, Biden administration officials are weighing whether forcing Moscow into default for its invasion of Ukraine would really be the best outcome.
Treasury Secretary Janet Yellen said Tuesday that the matter is being “actively examined” before a crucial deadline in two weeks, and a decision will be made shortly.