Russia reportedly made a pair of overdue debt payments in US dollars on Friday – a move that came as the Kremlin scrambles to avoid what would be its first default on foreign obligations since World War I.Russia’s Finance Ministry said it made a $564.8 million payment on a 2022 on a dollar-denominated bond said to mature this year and an $84.4 million payment on another bond set to mature in 2042.The decision to make the payments in dollars marked a reversal for the Kremlin, whose officials previously indicated they would cover the debt in Russian rubles.
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