INSUBCONTINENT EXCLUSIVE:
on June 27 to add Russia's denial.Russia shot down reports that it defaulted on its external debt Monday, after a deadline on $100 million
in interest payments passed
in interest Sunday evening, in what would mark its first such default since the Bolshevik revolution in 1918.The Kremlin dismissed the
the Finance Ministry, Russia sent the payments on its international bonds on May 20, but that the money did not reach its final recipients
as international clearance systems did not authorize the payment.Russia has been cut off from the global financial system as a result of
formally declared in default if 25% of its creditors say they did not get their money
court.Siluanov last week warned that a declaration of default through courts would be "tantamount to severing diplomatic ties and entering
foreign debt default since 1918, when Bolshevik leader Vladimir Lenin refused to recognize the obligations of the deposed tsar's
Depository that reimburses creditors in rubles at the rate of the Central Bank.AFP contributed reporting.
