Russia pays bonds at the last minute to avoid default

AP: On Friday, Russia averted a default on its debt by making a last-minute payment using its precious dollar reserves located outside the country, US Treasury officials said.The amount of the payment was not disclosed, but earlier this month, the Russian Finance Ministry said it was trying to make a payment of $649 million, due on April 6, on account of two bonds to an unnamed American bank, previously reported as JPMorgan Chase.At that ...