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    Russia Blames Sanctions for Sovereign Debt Default

    Olu AnisereBy No Comments1 Min Read
    Russia Blames Sanctions for Sovereign Debt Default
    Vladimir Putin, Russia President

    Russia Blames Sanctions for Sovereign Debt Default

    The Russian government has blamed sanctions imposed by Western powers as the reason for an interest payment deadline on sovereign foreign debt being missed and rejected allegations that it did not pay its dues.

    “We do not agree with that,” Kremlin spokesperson, Dmitri Peskov, said in remarks reported by the Interfax news agency after the 30-day deadline relating to two loans taken out in foreign currency passed in the early hours of Monday.

    The outstanding interest payment is 100 million dollars. The Russian Finance Ministry said the payments due were in fact made on May 20, five days before the U.S. Office of Foreign Assets Control.

    These fell under the U.S. Treasury and issued a ban on Russian transactions. Russian Finance Minister, Anton Siluanov, has termed the dispute about the failure to make the payment a “farce. # Russia Blames Sanctions for Sovereign Debt Default

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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