Treasury to Block U.S. Investors From Receiving Russian Debt Payments

WASHINGTON — The Treasury Department has cut off Russia’s ability to pay its sovereign debts in dollars, putting Russia on a path of foreign debt default this summer and deepening the crisis. economic isolation of the country following the invasion of Ukraine.

Since imposing a series of sanctions on Russia this year, the US has maintained waivers that allow US banks and investors to process and receive payments on existing bonds. of Russia. The Treasury said on Tuesday that it would allow the waiver to expire on Wednesday.