• Russia is still sliding towards a bond default in the coming weeks. It's up to the US Treasury whether it actually happens

    17 days ago - By Business Insider

    Russian President Vladimir Putin, right, and Finance Minister Anton Siluanov, left, face tricky decisions over the government's foreign bonds. Olga Maltseva/AP
    The Russian government could still default on its foreign bonds within weeks, despite making key payments last week.
    That's because a key US Treasury rule, which has allowed payments to go through, is set to expire later in May.
    If the Treasury doesn't extend the exemption, Russia will find it very hard to get its payments to bondholders.
    Like Indiana Jones screeching under a closing door in The Temple of Doom , Russia managed to...
    Read more ...