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US to End Russia’s Ability to Pay International Investors

Washington – The U.S. will close the last avenue for Russia to pay its billions in debt back to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable.

The Treasury Department said in a notification that it does not plan to renew the license to allow Russia to keep paying its debtholders through American banks.

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