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The exemption allowing Russia to pay its debt in dollars will “probably” expire, warns Janet Yellen.

2022-05-18T14:51:03.819Z


Janet Yellen believes that the sanctions weighing on Russia allowed her to pay her debt in dollars for a while.


The Western sanctions exemption that allowed Russia to temporarily continue to pay its debt in dollars, and thus escape default, will "

probably

" expire in the coming days, US Treasury Secretary Janet Yelen.

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When we first imposed sanctions on Russia, we created an exemption...and it was expected to be time-limited.

So I think it's likely that the license will be allowed to expire

,” she said at a press conference ahead of a meeting of G7 finance ministers in Germany.

Source: lefigaro

All news articles on 2022-05-18

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