US to end Russia's ability to pay international investors
Companies, agencies, institutions, etc
The Treasury Department
the Treasury Department
Group of Seven
Kremlin
JPMorgan Chase
Citigroup
The Russian Finance Ministry
Standard & Poor’s
Moody’s
People
Biden
Janet Yellen
Jay Auslander
Groups
Russian
American
British
European
Physical locations
No matching tags
Places
No matching tags
Locations
U.S.
Russia
Koenigswinter
Germany
Argentina
Ukraine
the Russian Empire
the Soviet Union
New York
Events
the Bolshevik Revolution
the 1917 Revolution
the Asian Financial Crisis
Summary
At a press conference heading into the Group of Seven finance minister meetings in Koenigswinter, Germany, last week, Treasury Secretary Janet Yellen said the window existed “to allow a period of time for an orderly transition to take place, and for investors to be able to sell securities.”“The expectation was that it was time-limited,” Yellen said.Without the license to use U.S. banks to pay its debts, Russia would have no ability to repay its international bond investors.
As said here by ABC News