The new date is Jun 27, 2022.
According to several reports, Russia has stopped making payments on its foreign debt for the first time in 100 years because of economic sanctions against it by the West.
Russia was in default on its foreign debt for the first time in over a century.
The grace period for eurobonds expired on Sunday.
Some of the bond's Taiwanese holders didn't get the interest payments even as the deadline passed, according to a report.
The Russian government blames economic sanctions from the West for making it hard for it to make payments.
Russia is unlikely to need to raise more debt in the near future due to the international sanctions and massive incoming revenue from oil and gas exports, according to a report.
The issuing of ratings for Russian entities has been suspended by the three global rating agencies due to the sanctions.
Russia's Finance Minister said last week that current statements about the default are out of touch. This is the way the western countries should be. We have cash. In order to keep the image of our country as reliable, we will make payments.
The Treasury Department did not allow U.S. entities to receive Russian bond payments last month. The exemption that allowed U.S. investors and banks to continue to receive interest on Russian bonds was part of the economic sanctions against Russia. Russia has not had a default since 1918, when the country's new Communist leader dismissed the foreign debt accrued by the deposed Czar.
Russia has Defaulted on foreign debt for the first time.
Russia is being pushed to the first foreign default since the revolution.
Taiwan holders of Russian bonds haven't been paid.
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