The U.S. Treasury Department likely won't renew a general license allowing Russia to make payments on government debt. This could threaten the Russian Federation with a default, according to Voice of America, citing the words of US Treasury Secretary Janet Yellen..
Answering a question from journalists, she noted that it is unlikely to extend the period of validity of the authorization for payments to US bondholders, which expires on May 25..
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At the same time, she explained that the announcement of a technical default by Russia would not greatly change the current situation of the aggressor country..
" They are already cut off from world capital markets,"
Earlier it was reported that the Biden administration intends to completely block the ability of Russia to make payments to US bondholders..