Russia Says It Had To Pay Roubles To Holders Of Eurobonds

Sign up now for FREE unlimited access to Reuters.com Register April 6 (Reuters) – Russia’s finance ministry said on Wednesday it had to pay ruble holders of its Eurobonds in dollars expiring in 2022 and 2042 as a foreign bank refused to comply with Russia’s $ 649.2 million order. to its debt holders. The finance ministry said the foreign bank, whose name has not been released, had rejected Russia’s order to pay vouchers on both papers and also failed to pay the nominal value of the Eurobond expiring in 2022. Russia may consider allowing foreign holders of its Eurobonds for 2022 and 2042 to convert ruble payments into foreign currency once Russia restores access to foreign exchange bills, the finance ministry said. Russia’s ability to meet its debt obligations has been at the forefront of Western sanctions in response to what Russia calls a “special military operation” in Ukraine. Moscow’s access to global payment systems. Sign up now for FREE unlimited access to Reuters.com Register Report by Reuters. Editing by Mark Potter and Hugh Lawson Our role models: The Thomson Reuters Trust Principles.