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Russia makes last-minute bond payment to avoid default

FILE - Russian President Vladimir Putin listens during a meeting of the Russia the Land of Opportunity Supervisory Board at the Kremlin, in Moscow, Russia, on April 20, 2022. Russia staved off a default on its debt Friday, April 29, 2022, by making a last-minute payment using its precious dollar reserves sitting outside the country, U.S. Treasury officials said. (Mikhail Tereshchenko/Sputnik, Kremlin Pool Photo via AP, File) FILE - Youth ride scooters in Manezhnaya Square near Red Square and the Kremlin after sunset in Moscow, Russia, on April 20, 2022. Russia staved off a default on its debt Friday, April 29, 2022, by making a last-minute payment using its precious dollar reserves sitting outside the country, U.S. Treasury officials said. (AP Photo/Alexander Zemlianichenko, File)
Russia makes last-minute bond payment to avoid default