The Russian Ministry of Finance paid the ruble for dollar-denominated debt, which expires within the week. It is said that several foreign banks refused to process payments of 649.2 million dollars (about 80 billion yen). There are also speculations that it may be a technical default (default).
According to a statement from the ministry, the Russian government sent the redemption of bonds due this month and the coupon of the bonds redeemed in April 2042 in dollars, but the foreign banks refused to accept them, so the Russian government transferred the Russian Federation securities in ruble. It is said that the money was sent to the institution (NSD).
The Treasury commented, “We believe we have fully fulfilled our obligations,” but investors are concerned that neither securities allow payment options in the ruble in writing and are at risk of being considered a default. ing. All have a 30-day grace period, according to data compiled by Bloomberg.
Original title:Russia Skirts Nearer Default After Dollar Bond Payment Blocked
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