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Russia to prepare order for state debt payment in rubles

Funds will be credited at specially opened accounts in ruble equivalents, Finance Minister Anton Siluanov noted

MOSCOW, March 14. /TASS/. Russia will prepare a payment order in rubles for the international debt repayment in case the currency payment will not be possible, Finance Minister Anton Siluanov said on the air with the Rossiya-24 TV Channel.

"Performance of the payment stipulated exactly in these currencies in conditions of gold and currency reserves freeze will probably face certain difficulties. Nevertheless, this will depend then on capabilities of these banks - and these are Western banks where accounts of the Russian Federation are held - to perform this order. If we see difficulties with performance of this order, then tomorrow, on Tuesday. We will prepare the relevant payment order in the ruble equivalent," the Minister said.

Funds will be credited at specially opened accounts in ruble equivalents and payments will be honored if there is an opportunity to convert them in foreign currency, Siluanov said. If the West is unable to make such conversions, funds will be repaid in the currency, in which Russia will made that.

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