The West attempts that Russia announces foreign debt default — Minister

Business & Economy April 07, 2022, 18:53

It was noted that Russia has the mechanism of securing performance of sovereign debt liabilities in rubles

MOSCOW, April 7. /TASS/. The Western countries are attempting by all means that Russia announces a default on the sovereign debt, but the country has mechanisms of paying in rubles, Finance Minister Anton Siluanov told reporters.

"The Western states are attempting by all means to make it so that Russia announces the default. Although the Russian Federation has required funds and honors [obligations] by remitting funds to accounts of holders of our Eurobonds, the Western banking structure nevertheless impedes crediting of these funds with specific beneficiaries and holders of our debt," Siluanov said.

Russia has the mechanism of securing performance of sovereign debt liabilities in rubles, the Minister said. "We will endeavor that lenders receive their money due from the Russian Federation, but we will do so within the framework of other mechanisms," he added.

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