White House Press Secretary Jen PsakiWASHINGTON, Apr 6 White House Spokesperson Jen Psaki said the United States, through sanctions, wants to put Russia before a choice between default and spending foreign exchange reserves that it remains. Reuters previously reported that the US Treasury Department would not allow dollar payments on Russia's sovereign debt in US banks. Russia does not have unlimited resources, especially now with the crippling sanctions that we have imposed. They will have to choose between depleting the remaining dollar reserves, spending new revenue or defaulting,» she said at a briefing. Putin to continue his activities against Ukraine.» She argues that the sanctions are already showing their effectiveness, bringing the Russian financial system «to the brink of collapse.» ban investment in Russia
