The White House expects minimal impact on the United States and the world economy from Russia’s potential default, amid Washington’s decision not to renew a general license that allowed Russia to service its foreign debt.
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“We expect that the impact on the United States and the world economy will be minimal, given that Russia has already been financially isolated. At the same time, the Ministry of Finance continues to monitor and hold talks with the global financial community,” said White House spokeswoman Karin Jean-Pierre,
KYIV.UkraineGate , 27 , May , 2022| Political News.
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The United States has pushed Russia closer to the brink of a historic default by not renewing its license to pay bondholders, as Washington intensifies pressure after Russia’s attack on Ukraine.
The refusal has allowed Russia to continue paying off its public debt, but now a default is likely to be imminent on at least some of its $ 40 billion in international bonds, according to Reuters.
It is noted that Western sanctions imposed after February 24 and countermeasures by Moscow have made it difficult to move money across borders, but Russia has tried to continue to pay bondholders.
Source: Ukrgate
