A committee made up of representatives of major financial institutions around the world confirmed on the 1st that some interest payments have not been made on dollar-denominated Russian government bonds that expired in April.
Default = default in the market is considered to have occurred and may determine the move to keep Russia out of the international financial markets.
The "Credit Derivatives Decision Committee" made up of representatives of major financial institutions around the world says that "some interest has not been paid" over the dollar-denominated Russian government bonds that expired on April 4th. We have decided to accept the investor's claim.
Regarding the interest payment and redemption of this government bond, the Russian government once declared payment in the ruble and the payment was delayed, and investors insisted that they would receive the interest associated with the late payment.
This decision may determine that Russia's government bonds have defaulted to default in the market and may determine the move to keep Russia out of the international financial markets.
There is a widespread view that defaults are unavoidable due to strict sanctions by Western countries, and many experts believe that the direct impact on financial markets will be limited.
On the other hand, for the Russian government and companies, the means of raising funds will be narrowed, and the Russian government has argued that the situation is different from 1998 when it fell into a financial crisis, and that it has the funds and willingness to pay.
Russia so far the reaction
"There is no objective reason for our position to be recognized as default," Peskoff, a spokesman for the Russian Presidential Administration, told reporters on May 30 about whether default = default over Russian government bonds. We have the money and are willing to pay, whether it's built or not. "
Russia's Finance Minister Anton Siluanov also told reporters on May 26 that the situation was different from 1998, when Russia fell into a financial crisis and became the default. Was artificially created by a hostile country. Nothing will change without any impact, "he stressed that it would not affect Russia or the lives of people.