Ministry of Finance initiated dollar payments to creditors in order to avoid default
Photo is illustrative in nature. From open sources.
The Ministry of Finance instructed a US bank to start paying DOLLAR coupons in the amount of $117 million on two external bonded loans. If usawill not be allowed to pay out of the frozen reserves of the Central Bank,Western institutions may recognize Russia's default
The Russian Ministry of Finance sent a payment order for the payment of a coupon on sovereign Eurobonds denominated in dollars.
“On March 14, 2022, a payment order was sent to the correspondent bank on the payment of coupon income on bonds of external bonded loans of the Russian Federation maturing in 2023<...> and 2043,” the Ministry of Finance said.
According to the department, the amount of interest payments should be $117.2 million. The Ministry of Finance asked to bring the money to investors on March 15 - a day ahead of the deadline specified in the issuance documentation.
The London branch of the American Citibank is the paying agent for these Eurobonds in London, and the New York branch of Citibank, respectively, in New York. RBC sent a request to the press service of Citibank.
Siluanov announced the desire of the West to organize an artificial default of RUSSIA Politics
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