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Russia softens requirements to currency for state loans repayment

Foreign countries will be able to make payments under Russian state loans in any currency agreed by the parties, providing for the repayment and interest payment of extended loans, according to the decree adopted by the Russian government

MOSCOW, December 22. /TASS/. Foreign countries will be able to make payments under Russian state loans in any currency agreed by the parties, providing for the repayment and interest payment of extended loans, according to the decree adopted by the Russian government.

"Making payments in favor of the Russian Federation in Russian rubles <…> with application of the Russian ruble rate to the currency, in which obligations of a foreign country - borrower are expressed, set by the Central Bank of the Russian Federation as of the dates of payments, is recognized as a proper discharge of obligations of the foreign country - borrower towards the Russian Federation," the document reads.

Foreign countries were able earlier to repay loans "in freely convertible currencies, including the Russian ruble.".

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