Russia is not going to abandon the fulfillment of obligations on the public debt, the Minister of Finance Anton Siluanov said, clarifying that the Russian Federation will pay the national debt in rubles until the West displays the country’s gold reserves, writes RIA Novosti.
“Our gold and foreign exchange reserves, including the national welfare fund, are frozen. We have problems executing our obligations, including debt,” Russian minister said.
According to Siluanov, now Russian banks have been in a difficult situation due to new sanctions, but capital reserves allow you to function even to the restrictions. “All calculations inside the country are performed and will be executed. There will be restrictions in calculating customers with foreign partners. But I think our credit organizations will rebuild their work and in these conditions,” he noted, adding that the state will do everything necessary to help banks.