Russian Railways to pay Eurobonds in rubles

Russian Railways to pay Eurobonds in rubles
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Russian Railways RU000A0JXN05 ₽970,27 0% Buy Russian Railways RU000A0ZZ9R4₽898.2 -2,15% Buy RZD RU000A0ZZX19₽1,019.83 +0,02% Buy

Russian Railways intends to fulfill debt obligations under Eurobonds in rubles. it is reported by RIA Novosti.

"Russian Railways did not fulfill their obligations - Russian Railways was not allowed to fulfill their obligations - nevertheless, these obligations will be fulfilled, since Russian Railways will fulfill them in rubles," said Anton Siluanov, HEAD of the Russian Finance Ministry.

The company failed to redeem DOLLAR Eurobonds due on April 5 with a par value of $604.6 million due to UK sanctions.

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