The US blocks Russia from making a $600 million bond payment as it ramps up the pressure on Moscow

https://news.yahoo.com/us-blocks-russia-making-600-082856094.html

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The US Treasury blocked Russia's attempt to pay more than $600 million due on sovereign dollar bonds Monday.

·       The Treasury will no longer allow Russia to make sovereign bond payments using accounts at American banks.

·       It ramps up the pressure on Moscow, which is facing tough economic sanctions over its war in Ukraine.

The US Treasury has blocked Russia's attempt to pay more than $600 million due on foreign sovereign bonds, as it tries to ramp up the economic pressure on Moscow.