Russia-Ukraine war: Moscow makes debt payment in rubles, move that could result in historic default
World | April 07, 2022 23:27 ISTThe Ministry of Finance said in a statement that it tried to make a $649 million payment toward two bonds to an unnamed U.S. bank — previously reported as JPMorgan Chase — but that payment was not accepted because new U.S. sanctions prohibit Russia from using U.S. banks to pay its debts.