Reuters learned about the US ban on servicing Russia's debt from American accounts

The US Treasury intends to ban RUSSIA from servicing public debt from accounts blocked under the sanctions.In March, Russia managed to make payments on public debt from funds in blocked accounts

The US Treasury will ban Russia from Monday making any payments on its dollar-denominated debt from accounts at US financial institutions, a spokesman for the US Treasury told REUTERS.

"Today is the deadline for Russia to make another payment on the debt," a US Treasury official said. “ Russia must choose between depleting its remaining DOLLAR reserves, generating new revenue, or defaulting.”

Russia was able to pay off foreign debts from frozen reserves Economics

An agency source familiar with the situation added that Russia's latest coupon payments on sovereign bonds were halted without permission from the US Treasury to be processed by JPMorgan's correspondent bank. The payments were for bonds maturing in 2022 and 2042, Reuters writes. The interlocutor of the agency said that Russia has 30 days to make the payment.

The Central Bank announced the reduction of Russia's international reserves by almost $40 billion Economics