Explanation The Correct Answer is Russai Key Points • Russia | UPSC LAW Optional

Explanation
The Correct Answer is Russai

Key Points
• Russia has launched a new “Foreign debt payment system”, an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts.

• Russia will offer the holders of its Eurobond obligations to accept a payment system bypassing the Western financial infrastructure.

• Russia has not defaulted on its international debts since the 1917 Bolshevik Revolution when the Soviet Union was created.