War in Ukraine: Moscow says it paid 117 million dollars in interest, immediately removing the possibility – franceinfo

Moscow had until March 16 to pay this sum, the first installment of a series of others expected in March-April. Article written by Published on 03/17/2022 11:06 Updated on 03/17/2022 11:53 Reading time: 1 min. While its assets abroad are frozen by Western sanctions, Russia assured, Thursday, March 17, to have paid a first installment of interest linked to bonds, removing in the immediate future the possibility of a default. . “The payment order on the payment of interest on bonds (…) with a total value of 117.2 million dollars [105 887 340 euros] (…) was executed,” the Russian Finance Ministry said in a statement. The ministry said it sent its funds to a “foreign bank” on March 14. Moscow had until March 16 to pay this sum, first installment of a series of others expected in March-April.In retaliation for the Russian military intervention in Ukraine, the part of Russian reserves held abroad, approximately 300 billion dollars (272 billion euros), is frozen under Western sanctions. They have crippled part of the country’s banking and financial system and caused a collapse of the ruble. These sanctions raise fears that Moscow will no longer be able to repay, and therefore threaten a default of payment, which cuts a state off from the financial markets and jeopardizes its return for years Share: Share on Twitter Share on Facebook Share by email Share the link