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...

Russia's $40 billion in international bonds and the chance of a default have become the focus of global financial markets since it was hit ...

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...

Ratings agencies say Russia is on the verge of defaulting on government bonds following its invasion of Ukraine, with billions of dollars o...

IMF's Managing Director Georgieva also said that a Russian sovereign default is no longer an "improbable event" because the economic sancti...

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

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

In a press release published Thursday, Yandex, which is legally headquartered in the Netherlands but has its main offices in Russia, said t...

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

Russian assets nosedived as military attacks across Ukraine prompted emergency central bank action and investors braced for the toughest ro...

Putin called Tuesday on the International Monetary Fund (IMF) to lend an additional $3 billion to Ukraine to help the ex-Soviet country pay...

Dubai World's decision to ask its creditors for more time to repay some of its debt raised the spectre of a sovereign default by the Emirat...

The rouble surged the most in seven years, Russia’s Micex Index climbed, and the cost of protecting the country’s bonds fell the most in si...