# Russia in historic default as Ukraine sanctions cut off payments

- Link: https://www.widthness.com/russia-slides-towards-default-as-payment-deadline-expires/
- Published: 2022-06-28T09:15:32-05:00
- Author: Curated by John Wysocki

Image caption: The clock on Spasskaya tower showing the time at noon, is pictured next to Moscow’s Kremlin, and St. Basil’s Cathedral, March 31, 2020. Image credit: Reuters / Maxim Shemetov. Article by Karin Strohecker, Andrea Shalal and Emily Chan. Reuters – updated June 27, 2022. Summary Grace period ended on $100 mln interest payment due on May 27 Russia default shows dramatic impact of sanctions-U.S. official Some Taiwan bondholders did not get payment on Monday – sources Russia says it has funds to pay, sanctions are to blame […] Click here to view original web page at www.reuters.com