- The Biden administration will ban Russia’s government from paying bondholders through American banks starting Wednesday morning.
- The move increases the odds that Russia will default on its outstanding debt.
- It is the latest sanction against that country by the United States in response to Russia’s invasion of Ukraine.
The Biden administration will ban Russia’s government from paying bondholders through American banks starting Wednesday morning, the Treasury Department said.
The move increases the odds that Russia will default on its outstanding debt.
It is the latest sanction against that country by the United States in response to Russia’s invasion of Ukraine.