THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.
The Ministry of Finance of the Russian Federation will fulfill its obligations to service and redeem government securities “on time and in full.” This is stated in the message on the website of the Ministry of Finance.
As the ministry assured, “obligations to service and redeem government securities of the Russian Federation will be fulfilled by the Russian Ministry of Finance in a timely manner and in full.”
The Ministry of Finance clarified that “payments in favor of non-residents will be made in accordance with the procedure established by the issue documentation.”
At the same time, the ministry noted, “the actual possibility of making these payments in favor of non-residents will depend on the restrictive measures introduced by foreign states in relation to the Russian Federation and the exemptions established by the relevant licenses and permits.”
In favor of residents, payments on these government securities will be made in rubles in the equivalent on the date of payment, taking into account the specifics established by the presidential decree of March 5, Interfax adds.
The next payments on sovereign Eurobonds are due on March 16 (coupons on issues maturing in 2023 and 2043 for $3 billion and $1.5 billion, respectively).
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
