At first, the Biden admin let Russia use its big stash of cash in U.S. banks to cover its debt payments. But then on April 4, the Treasury Department stopped that, making it impossible for Russia to pull those funds for paying off its debt. Now, Russia is in a tough spot trying to figure out how to manage those payments.
Russia's debt repayment issues
4 replies 359 views
What's the point though?.
Also I think Russia have bigger issues than needing to clear US debt (it's likely not their priority).
hodler2019Legendary
Posts: 2182 · Reputation: 12913
#3Jan 29, 2017, 08:19 AM
April 4 of 2025?
if so why did you wait until Feb 22 of 2026 to let us know.
paying a debt means putting out money when russia is more concerned with getting money IN theyre considering all kinds of new resources to get more money in not get them out
It is not like the United States just woke up one morning and decided to take the money, their money was genuinely frozen due to the constant sanctions on their economy, even as it was frozen it doesn't means the money belongs to the US but Russia can not access it as well. Although at first Russia was given some leniency, they could access some part of the money to service some of their debts but as the tension grew stronger with the EUs then that right was eventually removed. So as it stands now the money is just sitting idle.
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