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Seven Taiwanese Insurers Have Not Received Russian Eurobond Payments: Regulator

June 28, 2022


Taiwan’s financial regulator said on Tuesday that seven Taiwanese insurance companies have not received interest due on May 27 on Russian Eurobonds after a grace period ended on Sunday evening.

Russia defaulted on its international bonds for the first time in more than a century, the White House and Moody’s credit agency said on Monday, as sanctions have effectively cut the country off from the global financial system.

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