Non-payment is the basis for the execution of credit default swaps (CDS), acting as insurance against default, reports RIA Novosti.

On May 24, the US Treasury received information about the refusal to renew the license for investors to receive payments on the public debt of the Russian Federation.

The Russian Ministry of Finance has already announced that this will not interfere with the payment of the country's debt obligations.

Finance Minister Anton Siluanov said that Russia had decided to settle accounts with holders of Russian Eurobonds using a mechanism similar to the scheme for paying for Russian gas in rubles.