Stock Groups

Sanctions “significantly” increase chance of Russia international debt default

[ad_1]

© Reuters. FILE PHOTO: A sign outside JP Morgan Chase & Co. offices is seen in New York City, U.S., March 29, 2021. REUTERS/Brendan McDermid

LONDON (Reuters] – Russia’s sanctions have increased the risk of Russia defaulting in its debt obligations on the international markets, JPMorgan warned Wednesday.

JPMorgan stated in a note that the United States has sanctioned Russian entities and countermeasures have been taken within Russia to limit foreign payments. “This creates high obstacles for Russia to pay a bond abroad.”

Russia will receive over $700 millions in payment this month. Most of these payments are with a 30-day grace. JPMorgan has calculated that March 16 is the date for the next applicable coupon payment. There is also a 30-day grace time.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damage arising from the use of this information, including chart data, or buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]