breaking news! biden puts the final nail in the coffin, blocks russia from money as russia begins to DEFAULT!

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The Biden administration on Monday blocked Russia from paying holders of its sovereign debt more than $600 million from reserves held at American banks — ratcheting up the pressure on the Kremlin as it tries to avoid a bond default.

The move comes as images from Ukraine reveal horrific war crimes, including massacred civilians who are believed to have died at the hands of Russian soldiers.


On Monday, as the largest of the payments came due, including a $552.4 million principal payment on a maturing bond, the US government decided to cut off Moscow’s access to the frozen funds, according to a US Treasury spokesperson.

Russia faces a historic default if it chooses to not do so.

“Russia must choose between draining remaining valuable dollar reserves or new revenue coming in, or default,” the spokesperson said.
The move puts added pressure on Russian President Vladimir Putin's economy.