ent that it had been forced to repay US$649.2 million to foreign debt-holders in roubles after a correspondent bank refused to execute payment instructions.
"A foreign correspondent bank refused to execute instructions for the payment" of debt on two bonds on April 4, it said. "In order to fulfil the state debt obligations of the Russian Federation," the Finance Ministry"was forced to attract a Russian financial institution to make the necessary payments"., but the Kremlin appeared to reject that assertion on Wednesday.
"Russia has all the necessary resources to service its debts," Kremlin spokesman Dmitry Peskov told reporters.
How can Russia go into default if it has the money & Intent to pay?
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