Investors fear further interest rates for Russian bonds

Frankfurt After the interest payment is before the next potential default. This is how the uncertainties surrounding the Russian bond market can be described. Last week, Russia surprisingly paid $117 million in interest on two-dollar bonds. But the procedure is complicated and the trembling continues.

Until the end of the current month alone, interest payments from Russia amount to more than 615 million dollars. At the beginning of April, the government in Moscow also has to repay a dollar bond worth two billion dollars to investors.

What’s more, foreign investors have been waiting for interest on ruble bonds from the Russian government for more than a week.

However, the rating agencies have given the country until the beginning of the month to make up the interest payments. If that doesn’t happen, the big credit checkers S&P Global, Moody’s and Fitch would probably label Russia as insolvent.