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Russia May Default if Dollar Bond Interest Payment Made in Rubles, Bloomberg

Wednesday, March 16, 2022

Partner Grigory Marinichev spoke to Bloomberg about Type C accounts in relation to Russia’s debt settlements. “The new procedure for debt settlements involve opening so-called Type C accounts, which can be done automatically without the consent or involvement of a foreign creditor,” Grigory said, adding that The limited actions that holders of the accounts can perform include transactions with securities registered in Type C accounts and tax payments.”

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