You still do not understand, do you?
Perhaps you did not bother reading the article?
Here is the relevant bit but if you think being stopped from making payments when you have the resources to do so is a "Default" - be my guest. Technically that may be so but for all practical purposes - it is a laugh!!“The decision of the US Treasury Department to refuse to renew the license … infringes, first of all, on the rights of foreign investors in Russian debt instruments and undermines confidence in the Western financial infrastructure,” the ministry said. The statement added that “the Ministry of Finance of Russia, as a responsible borrower, confirms its readiness to continue servicing and repaying all debt obligations.”
On Tuesday, the US Treasury Department announced that it would not extend the sanctions waiver that allowed Russia to make sovereign debt payments to American investors, in a move officials previously said would cause Moscow to be in a technical default on its debt obligations. The license waiver expired at 04:01am GMT on Wednesday.
Meanwhile, Russian Finance Minister Anton Siluanov has slammed Washington’s decision, saying that Russia faces an “artificial situation created by an unfriendly nation.”
He noted that “The current situation has nothing in common with 1998, when Russia didn’t have sufficient funds to pay its debts,” stressing: “We have the money and the willingness to pay.”
