The U.S. Treasury revoked a license that allowed Russia to pay to pay off its foreign debt. domain American department.
“The US Treasury Office of Foreign Assets Control will not renew the terms of the 9C General License, which expires May 25 at 00:01 US East Coast Time (07:01 Moscow time),” the document states.
The U.S. Office of Foreign Assets Control (OFAC) issued a separate license allowing Moscow to repay foreign currency loans from frozen reserves following the freezing of part of Russia’s foreign currency reserves on March 2, but this required separate authorizations from the United States. banks. Since then, the Ministry of Finance of Russia has made coupon payments for the issuance of state Eurobonds in a number of dollars. This license, which the U.S. Treasury does not plan to renew, will expire on May 25.
According to the Russian Ministry of Finance, as of February 1, 2022, Russia’s external public debt totaled $59.5 billion, including $38.97 billion in foreign bonds. there is. .
May 18, US Treasury Secretary Jeannette Yellen declaration On the unexpected renewal of the general license, which allows Russia to pay to pay off its foreign debt.
Source: Gazeta
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