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Moody's: Russia's failure to pay debts in dollars by May 4 will mean default.

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Russia reportedly made payments on two bonds in rubles on April 4. Moody's issued a statement saying that a change in payment terms relative to the original bond contracts may be considered a default if not cured within a month.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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