Lots of focus on this $117m coupon payment due on Russian hard currency debt due yesterday whether Russia is heading into default. My sense here is that the MOF and CBR will keep everyone guessing. They will likely use the grace period to the full.
Russian debt - to pay or not pay?
Russian debt - to pay or not pay?
Russian debt - to pay or not pay?
Lots of focus on this $117m coupon payment due on Russian hard currency debt due yesterday whether Russia is heading into default. My sense here is that the MOF and CBR will keep everyone guessing. They will likely use the grace period to the full.