Russia pays more than $100 million in bond interest

After a series of international sanctions, especially the embargo of the Central Bank of Russia, the already complicated types of transactions are now even more complicated. However, Russia said the debts have been paid off.

Debt activists around the world have pushed for bills in major creditor countries to ban “vulture funds” from taking advantage of troubled debtor nations. However, the losers will be individual Western investors buying Russian bonds. Their interests were lost as soon as the sanctions were announced. Practically every major Western brand is pulling out of Russia, some of which will suffer heavy losses in the process, at the expense of both their investors and the hundreds of thousands of Russians who are leaving Russia. work with them.

Russian Finance Minister Anton Siluanov affirmed that Russia has enough budget to pay its debts, and that the West’s freezing of the foreign payment accounts of the government and the Russian Central Bank could expose the country to difficulties. risk of default. Just a few months ago, Russia was a country with the highest ratings of public debt.

Russia says it can make payments in rubles instead of dollars. Some Russian debt contracts allow such an arrangement. Russia has a grace period of 30 days to make payments in the usual way. If Russia fails to do so, it will likely be declared insolvent because of its inability to pay its creditors.

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