Russia Claims It Made Bond Payment

“Russia’s finance ministry said on Thursday that it had made a $117 million payment on interest due on two U.S. dollar-denominated bonds. The payments are due this week to prevent Russia’s first default on foreign debt since the 1917 Bolshevik Revolution,” the New York Times reports.

“The ministry said the payment had been made to a ‘foreign correspondent bank’ on Monday, but it was unclear whether the bondholders will receive the money.”