Ministry of Finance of Russia could not pay for Eurobonds in dollars

The Ministry of Finance of Russia paid on Eurobonds in rubles due to the fact that the foreign bank refused to conduct Russia’s payments in dollars. The payment was $ 649.2 million in terms of rubles, the Russian service “BBC” reports.

“On April 4, 2022, the Ministry of Finance of Russia transferred funds to NGOs National Settlement Depository JSC for the implementation of these payments in the currency of the Russian Federation at the official rate of the Bank of Russia to the accounts of its depositories for settlements with all debt data holders. Such The above obligations mentioned above obligations under the bonds “Russia-2022” and “Russia-2042” are fulfilled in full, “the ministry reported.

The Ministry of Finance also explained that foreign lenders will be able to convert the received rubles in the currency not earlier than Russia will receive access to frozen currency reserves.