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The White House expects minimal impact on the US and the global economy by default – Russia – SABC News

White House spokesman Jose said on Thursday that he expects less impact on the US and the global economy from Russia’s debt crisis as Washington decides not to extend sanctions that have helped Russia pay its debt holders.

White House spokesman Karine Jean-Pierre said in a press conference on Thursday, “We expect the US impact on the global economy to be minimal, as Russia has already parted ways financially.”

“That being said, the Treasury Department continues to investigate and negotiate with the global financial community,” he said.

The United States moved Russia closer to the end of its historic debt crisis on Wednesday by not extending its ability to repay debtors, as Washington escalates pressure following Russia’s actions in Ukraine.

The U.S. Treasury Department said on its website late Tuesday that it would release the expired license at 12:01 a.m. ET (0401 GMT) on Wednesday and allow Russia to pay interest and pay interest. and its tariffs to the US.

The move has allowed Russia to continue to pay its debts, but its current outcome looks set to cost the world’s $ 40 billion – the first outside Russia more than 100 dollars. age.

Western aggression banned after the Kremlin’s February 24 invasion of Ukraine, and anti-government protests from Moscow, have sparked a massive currency movement, but Russia has made strenuous efforts to keep payers in check.

The White House expects minimal impact on the US and the global economy by default – Russia – SABC News

Source link The White House expects minimal impact on the US and the global economy by default – Russia – SABC News

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