Russia claims to have ordered crucial bond payment as it seeks to avoid historic debt default

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Russia claims to have ordered crucial bond payment as it seeks to avoid historic debt default
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The payment on the two eurobond coupons is a key test for Russia.

The Kremlin is staring down the prospect of its first foreign currency debt default in over a century after the U.S. and international allies imposed a barrage of economic sanctions over its invasion of Ukraine.

Russian President Vladimir Putin talks to Finance Minister Anton Siluanov during the EEU Summit meeting on December 20, 2019 in Saint Petersburg, Russia.Russia's Finance Ministry claimed Thursday it had fulfilled crucial interest payments on two dollar-denominated eurobonds, saying the order had been made to payment agent Citibank in London.

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