{"id":1375850,"date":"2022-03-14T12:52:38","date_gmt":"2022-03-14T16:52:38","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1375850"},"modified":"2022-03-14T12:53:17","modified_gmt":"2022-03-14T16:53:17","slug":"russia-threatens-to-pay-foreign-debts-in-rubles-in-response-to-sanctions","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/russia-threatens-to-pay-foreign-debts-in-rubles-in-response-to-sanctions\/","title":{"rendered":"Russia Threatens to Pay Foreign Debts in Rubles in Response to Sanctions"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Frussia-threatens-to-pay-foreign-debts-in-rubles-in-response-to-sanctions%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1375850&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p><span>Russia is threatening to pay foreign debts in rubles after a number of Moscow\u2019s top banks were sanctioned in response to\u00a0the country&#8217;s invasion of Ukraine.<\/span><\/p>\n<p><span>The Russian government is scheduled to pay $117 million on Wednesday for a pair of its dollar-denominated bonds, according to <a href=\"https:\/\/www.reuters.com\/world\/europe\/russia-warns-it-may-be-forced-pay-fx-debt-roubles-due-sanctions-2022-03-14\/\">Reuters<\/a>.<\/span><\/p>\n<p><span>The Russian foreign ministry has accepted a temporary course of action that gives banks the ability to pay back debts, but it is now warning that whether or not those payments withstand depends on the sanctions, according to the news wire.<\/span><\/p>\n<div id=\"dfp-ad-incontent_desk_1-wrapper\" class=\"dfp-tag-wrapper wrapper\">\n<p><span>ADVERTISEMENT<\/span><\/p>\n<\/div>\n<p><span>A number of Moscow\u2019s top banks have been sanctioned as a result of Russia\u2019s invasion of Ukraine. Last month, the Treasury Department\u00a0<a href=\"https:\/\/thehill.com\/policy\/finance\/596082-us-imposes-sanctions-on-russian-central-bank\">banned\u00a0financial dealings<\/a> with the Bank of Russia and the Russian foreign investment fund, and the White House announced that the U.S. and its allies would <a href=\"https:\/\/thehill.com\/policy\/international\/595997-us-allies-to-kick-certain-russia-banks-out-of-swift-banking-system\">oust certain Russian banks<\/a> from the SWIFT international banking system.<\/span><\/p>\n<p><span>If the payments cannot go through, the finance ministry said it would repay Eurobonds in rubles, according to Reuters, which has plummeted to record lows since Russia\u2019s invasion.<\/span><\/p>\n<p><span>Russian Finance Minister Anton Siluanov wrote in a statement on Monday that Moscow has \u201cthe necessary funds to service our obligations.\u201d<\/span><\/p>\n<p><span>\u201cClaims that Russia cannot fulfil its sovereign debt obligations are untrue,\u201d he added, according to Reuters.<\/span><\/p>\n<p><span>Siluanov also said \u201cthe freezing of the central bank and government&#8217;s foreign currency accounts can be seen as a desire from several Western countries to organise an artificial default,\u201d according to Reuters.<\/span><\/p>\n<p><span>Moscow&#8217;s\u00a0threat comes in the third week of Russia&#8217;s\u00a0invasion of Ukraine, which has triggered sanctions from Western allies \u2014 penalties that are\u00a0sparking economic turmoil in Russia.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia is threatening to pay foreign debts in rubles after a number of Moscow\u2019s top banks were sanctioned in response to\u00a0the country&#8217;s invasion of Ukraine.The Russian government is scheduled to<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1375850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1375850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1375850"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1375850\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1375850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1375850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1375850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}