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