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Western sanctions against Russia will not interfere with payments on sovereign debt in dollars at least until the end of spring, Bloomberg reports, citing an unnamed representative of the US Treasury Department.
The official, speaking on condition of anonymity, said that US Treasury restrictions on transactions with the Russian Central Bank, whose assets are frozen in the West due to a special operation in Ukraine, and other Russian institutions should not prevent Russia from making payments on its dollar debt “at least until the end of May.”
Recall that on March 16, the Russian authorities must pay coupons on two issues of their sovereign Eurobonds for a total of $ 117.2 million. The head of the Russian Ministry of Finance, Anton Siluanov, said that Russia has the necessary funds to fulfill its obligations on the public debt and a payment order for paying the coupon was sent, however, the possibility of payments in foreign currency does not depend on the Russian Federation.
Earlier, the international rating agency Fitch warned that Russia’s coupon payments on dollar eurobonds in rubles would be considered a sovereign default after a 30-day grace period for debt repayment.
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.
