As reported earlier, Russia is said to have defaulted on its debt, APA reports citing CNN.
But the Kremlin has rejected the claims: "There are no grounds to call this situation a default," Kremlin spokesman Dmitry Peskov told reporters.
Peskov said Russia made bond payments due in May, but the fact they had been blocked by Euroclear - a bank which then distributes the payment to international creditors - because of Western sanctions on Russia was "not our problem".