Since the first rounds of sanctions, the Treasury Department has given banks a license to process any dollar-denominated bond payments from...

Bloomberg said the administration has decided against extending the waiver as a way to maintain financial pressure on Moscow. Western sanct...

Bank of Russia and the Reserve Bank of India are examining how to make this workable and at the same time comply with international sanctio...

Russia has not defaulted on its foreign debts since the Bolshevik Revolution in 1917, when the collapse of the Russian Empire led to the cr...

If Moscow is declared in default, it would mark Russia's first major default on foreign bonds since the years following the 1917 Bolshevik ...

With Vladimir Putin’s government hampered by asset blocks and branded a pariah by Western countries -- politically, economically and financ...

A Treasury Department spokesperson said that the action was taken Monday. It was the same day more than $500 million in Russian sovereign d...

The United States, the European Union, the United Kingdom and Canada have banned certain Russian banks from SWIFT, the high-security networ...

The new payments system will likely be installed at the headquarters of both the RBI and the VEB, the latter also known globally as the Sta...

Money managers based in the UK, Germany and the US said on Friday they had received coupon payments on two Russian Eurobonds that were orig...

Western sanctions over events in Ukraine have cut Russia off from key parts of global financial markets, triggering its worst economic cris...

The specter of Russia defaulting on $40 billion of external bonds - its first major such default since the years following the 1917 Bolshev...

The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from "countries that engage in hos...

The sanctions include: removing some Russian banks from the Swift messaging system for international payments; freezing the assets of Russi...

Foreign banks that don't have operations in countries that have imposed sanctions on Russia or routing payments through Russian banks unaff...

The IIF's Ribakova said the sanctions, which could yet be toughened even further, were "the most severe economic sanctions imposed on a cou...

Measures announced earlier this week hit several Russian banks and individuals and targeted Moscow's ability to raise money in internationa...