As Russia nears its debt service payment date, Kremlin said it will start paying its foreign debt in rubles. "Russia is not able to right now to borrow in global financial markets, it has no access to capital markets.

As debt service deadline nears, Russia says payments will be made in rubles

Amid a looming default threat, Russia said it had paid $117 million interest payment amid Western sanctions. Russia's foreign ministry said the payment was "executed" amid fears it was set to default over its foreign debt in over a century.

Russia makes debt interest payment amid sanctions

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As debt service deadline nears, Russia says payments will be made in rubles

Russia makes debt interest payment amid sanctions