The Russian State would have finally succeeded in reimbursing its creditors by honoring the payment of interest on two bonds for a total amount of 117 million dollars.
On Wednesday, part of the international financial community considered that Moscow was technically in default, a first since the Bolshevik Revolution!
The Russian Ministry of Finance had indeed given a transfer order, in dollars.
But the sums seemed stuck, either at the intermediate stage of the clearing houses or in the Western banks having to pay the holders of these Russian debt securities.
“Platforms like Euroclear or Clearstream no longer authorize transactions in these securities”,
explained Wednesday to
Figaro
Julien Fabre, debt manager at Candriam.
Progressive isolation
The implementation of financial sanctions against Russia decided by the United States, the European Union or even Japan is causing confusion among financiers.
"I don't remember so much uncertainty...
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