Russia will soon default on its debts and default, Bloomberg News and the BBC reported.
Russia had to pay 100 million dollars in interest on foreign currency denominated government bonds, or about 130 billion won, to investors by yesterday (26th) local time.
The original payment date was the 27th of last month, but there was a grace period of 30 days.
The Russian government has already sent interest payments in dollars and euros to Euroclear, an international depository settlement company, to complete its repayment obligations, and Euroclear is in the position of depositing it into individual investors' accounts.
But investors are not getting their money back because of sanctions against Russia.
If investors fail to receive interest, Russia will default for the first time since it declared a moratorium in 1998.