MOSCOW—The Russian finance ministry on Thursday said it had fulfilled its obligations on two issues of dollar-denominated Eurobonds “in full” by sending 12.51 billion rubles ($234.5 million) in coupon payments to the National Settlement Depository (NSD). The ministry said the payments were on Eurobonds maturing in 2027 and 2047. “Thus, obligations on servicing the state…
Russia Sent Dollar-Eurobond Coupon Payouts to NSD in Rubles: Finance Ministry
June 23, 2022
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Anton SiluanovBusiness & Marketscrisisdebteconomic policieseconomyEurobondEuropeMarketsRussiaRussia-Ukraine WarsanctionsUkraineUncategorizedWorld
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Putin Signs Decree on New Scheme to Service Eurobonds as Default Looms
June 23, 2022
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Business & Marketseconomic policieseconomyEurobondEuropeInternationalMarketsRussia-Ukraine WarVladimir PutinWorld
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LONDON—President Vladimir Putin signed a decree on Wednesday to establish temporary procedures aimed at fulfilling Russia’s foreign debt obligations as the country teeters on the brink of default. The Kremlin has repeatedly said there are no grounds for Russia to default on its debts. It says the government has the funds to pay but was…
Russia’s National Depository to Replace Citi as Eurobond Servicing Agent
June 2, 2022
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Business & EconomyCitiCompaniescrisisdebtDepositoryeconomic policieseconomyEurobondEuropeRussiaRussia-Ukraine WarUkraineWorld
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Russia is replacing Citibank, which has stopping servicing the country’s Eurobonds, with its own National Settlement Depository, the finance ministry said on Thursday, as it risks its first major external debt default in over a century. Sanctions imposed by Western countries and their allies on Russia after it started what it calls a “special military…
Ball in US Court on Russian Eurobond Payments, Finance Minister Says
March 16, 2022
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Business & Economycourtdebteconomic policieseconomyEurobondEuropeMarketspaymentsRussiaRussia-Ukraine WarSiluanovUkraineUSWorld
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The ball is in the United States’ court as to whether payments due on Wednesday on two Russian dollar-denominated Eurobonds will go through, and Washington should clarify whether the settlements are possible, Finance Minister Anton Siluanov said. The economic cost of Russia’s actions in Ukraine has been fully exposed as President Vladimir Putin’s sanctions-ravaged government…
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