Russia pays rubles to holders of Eurobonds for first time

The Russian Finance Ministry said on Wednesday that it had paid rubles to foreign holders of Eurobonds for the first time as a foreign bank did not process order to pay $649.2 million in a foreign currency.

"In this regard, the Russian Finance Ministry ... was forced to use services of a Russian financial institution to make the necessary payments. On April 4, 2022 the Russian Finance Ministry transferred funds to NBCO JSC 'National Settlement Depository' to make the said payments in the currency of the Russian Federation at the official exchange rate of the Bank of Russia as of April 4, 2022 in accordance with the decree of the president of Russia dated March 5 to the accounts of its depository clients for settlements with all holders of these debt instruments," the ministry said in a statement. (ANI/Sputnik)

( With inputs from ANI )

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