JPMorgan Chase-Goldman Sachs Two giant US banks suspended operations on servicing Russia's state debt: Reports
Washington/Sputnik/UNI: The world's major banks - US JPMorgan Chase and Goldman Sachs - have suspended operations on servicing Russia's debt obligations, Bloomberg reported, citing sources.
The US Department of the Treasury earlier refused to renew a general license that allowed Russia to service foreign debt under sanctions.
Russia's Finance Ministry, in turn, said that despite the tightening of external restrictions, it will continue to fulfill state debt obligations, with payments to be made in rubles.
Minister Anton Siluanov said a possible announcement of a technical default on the Russian state debt due to US actions would not affect the lives of Russians.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
