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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Russia Fails to Pay Debt but Denies Default

(FILES) A Russian ruble coin is pictured in front of the Kremlin in central Moscow, on April 28, 2022. (Photo by Alexander NEMENOV / AFP)

Russia said Monday that two of its debt payments were blocked from reaching creditors, pushing the country closer to its first foreign default in a century due to sanctions over the Ukraine offensive.

The announcement came on the 124th day of Russia's military intervention in Ukraine, with Western sanctions so far failing to force the Kremlin to change its course, AFP said.

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