Russia to Settle Eurobond Payments With U.S. Dollars

The transcript discusses Russia's payment of $117 million on Eurobonds amidst US sanctions. Damian Sassower from Bloomberg Intelligence analyzes the complexities of the payment, questioning Russia's motives given its economic struggles and the ongoing war in Ukraine. The discussion covers Russia's ability and willingness to pay, potential defaults, and the role of US Treasury in authorizing payments. The challenges faced by corporations in making payments due to sanctions are also highlighted, along with the risk of a wave of sovereign defaults in emerging markets.

What does the speaker suggest about the U.S. Treasury's role in Russia's potential default?

What challenges do corporations face in making payments according to the discussion?

What is the potential risk mentioned regarding sovereign defaults in emerging markets?