Russia’s default may come early tomorrow, but banks received payments on time. The next ones are expected by the end of the month.
Investors received payments in Russian dollars the day before the expiration date, so the country once again avoided a default that could occur on May 29, Bloomberg wrote.
In total, the Russian Federation will have to pay $ 649.2 million.
On April 6, Russia’s Ministry of Finance announced that it had transferred funds for the payment of coupon income and the redemption of Eurobonds in rubles, as the correspondent bank did not allow the payment to be made in dollars.
The agency said that despite the passage of payment in recent hours, it may be more difficult for Russia to make such debt payments in the coming weeks.
The following dollar payments on the debts of the Russian Federation must be made at the end of the month.
It should be noted that experts considered Russia’s first external default since 1917 to be “almost inevitable”.
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Source: korrespondent
