Debt default 'not our problem' - Kremlin

Debt default
# 27 June 2022 15:02 (UTC +04:00)

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".

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