Ministry of Finance of Russia denies: we did not declare default

Information of the American CNN television company that the Russian Federation allegedly announced a default on Eurobond commitments is not true, the Ministry of Finance reports Russia.

“Information published by CNN is not true. Russia did not declare a default on their obligations under Eurobonds. Defalt means the lack of funds in the debtor to fulfill its debt obligations or the unwillingness to fulfill these obligations in the presence of funds. Nor about anyone Speech in the case of Russia does not go. The Russian Federation has enough funds for timely service and repay all of their debt obligations, “the report says.

The ministry stated that the prohibitive measures of the US authorities primarily the interests of foreign investors, including American. Obstacles for the implementation of payments, repayment and maintenance of the Russian government debt in foreign currency were artificially created, so the restriction on the service of the Russian government debt can be regarded as another non-fulfillment by its foreign counterparties of their contractual obligations, emphasized in the Ministry of Finance. “All possible claims of creditors in connection with the current situation should be redirected by the authorities of the states who ignore the obstacles to the execution of Russia of their debt obligations,” added to the ministry.