This was for two reasons, he said. "The first is that foreign infrastructure - correspondent banks, settlement and clearing systems, depositories - are prohibited from conducting any operations related to Russia. The second is that foreign investors are expressly prohibited from receiving payments from us."


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Russia defaults on debt for first time since 1998

This was for two reasons, he said. “The first is that foreign infrastructure – correspondent banks, settlement and clearing systems, depositories – are prohibited from conducting any operations related to Russia. The second is that foreign investors are expressly prohibited from receiving payments from us.”

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