Payments are made in the currency of the respective issue of Eurobonds-in US dollars.
Russia’s Ministry of Finance announced the fulfillment of the obligation to sovereign Eurobonds. It was learned on Friday, April 29th.
We are talking about Russia-2022 and Russia-2042 external bond issues in the amount of $ 564.8 million and $ 84.4 million, respectively.
Payments are made to the paying agent for these Eurobonds (Citibank, NA, London Branch).
“Payments are made in the currency of the respective issue in Eurobonds – in US dollars. Thus, the obligations for servicing the sovereign Eurobonds are fulfilled in compliance with the conditions established by the issuance documentation,” the message said. .
Earlier, Russian Finance Minister Anton Siluanov said that payments on Eurobonds were possible in rubles at the Central Bank rate.
As you know, most of Russia’s gold and foreign exchange reserves have been frozen due to Western sanctions and are now no longer controlled by Moscow. According to RosSMI, of the $ 643 billion in international reserves of the Russian Federation (since February 18), according to rough estimates, no more than $ 150-200 billion remained available.
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Source: korrespondent
