Treasury bars Russia payments in dollars from US accounts
Headline from WFMZ Allentown
The Treasury Department will not allow any Russian government debt payments from accounts at U.S. financial institutions to be made in U.S. dollars, an agency official says. That restricts one
WFMZ Allentown's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
The Treasury Department will not allow any Russian government debt payments from accounts at U.S. financial institutions to be made in U.S. dollars, an agency official says. That restricts one
The Treasury Department blocked Russia from using dollars held at U.S. banks to service its debt, increasing the odds of Moscow defaulting on its sovereign financial obligations.
On Monday, when more than half a billion dollars in bond payments were due, the U.S. Treasury tightened its restrictions on Russian financial transactions.
The Treasury had already moved to freeze Russian government assets held at U.S. institutions, but now it won’t allow Moscow to access those dollars even to meet its obligations to its bondholders.
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Treasury bars Russia payments in dollars from US accounts | Since Then
