Russian Finance Minister Anton Siluanov underlined this week that the country will settle the bill in rubles should the dollar transfer fail. But this has led to concerns as for the time being, Russia has managed to avoid default after J P Morgan processed the funds.
Fears of a Russian bond default receded as $117 million in interest charges due this week began to hit international investors, averting a breach which would have infused yet more anxiety into global credit markets.
On Fr...
