The US Treasury has announced that it will end on the 25th a special case in which its investors could receive interest payments on government bonds from Russia, which is subject to sanctions.
In the future, it will be difficult to pay investors, so it is likely that Russian government bonds will default = default.
The U.S. government has banned the trading of dollar-denominated Russian government bonds as sanctions on Russia invading Ukraine, but considering the impact on US investors holding government bonds, until the 25th of this month There was a special case that allowed the receipt of interest payments and redemptions from Russia temporarily.
Regarding this, the US Treasury officially announced on the 24th that it will end on the 25th without extending the exception.
As a result, it will be more difficult for Russia to pay American investors in the future, and it is more likely that Russian government bonds will be found to have defaulted.
Normally, if government bonds are recognized as the default, even if new government bonds are issued, there will be no buyers, and the financial impact will be severe.
However, measures to disallow the issuance of Russian government bonds are already widespread not only in the United States but also in Europe and Japan, and Treasury Secretary Janet Yellen has indicated that the impact of default certification on the Russian economy is limited.