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Russia Threatens to Pay Bondholders in Roubles

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“Russia has threatened to pay international bondholders in roubles rather than dollars just days before a key interest payment on its external debt comes due,” the Financial Times reports.

“Moscow is scheduled to make a combined $117 million in interest payments this Wednesday on two dollar-denominated bonds… Neither bond’s contracts gives Russia the option of paying in roubles.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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