Biden administration intends to completely block Russia's ability to make payments to US bondholders. The decision not to extend for Moscow the ability to service the country's sovereign debt in dollars could bring Russia closer to the brink of default, Bloomberg writes..

So far, Russia has been able to make payments to creditors by navigating through a tangle of sanctions that have closed many avenues for financial action.. The new provision will further empty the treasury of the aggressor country and redirect resources that would otherwise be spent on weapons in the war against Ukraine.

The US Department of the Treasury's Office of Foreign Assets Control will terminate the previously introduced temporary exemption in this case as early as May 25. By their decision, the States decided to maintain financial pressure on Moscow.

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However, any impact on Russian finances from payments to bondholders is less than the amount that the country earns weekly from the export of oil, gas and other goods, according to the pages of the publication..

" The move would turn Russia into "

Recall that we recently reported on the easing of sanctions against Venezuela, which is likely to lead to a decrease in the energy dependence of the West on the Russian Federation..