Russian default – Russia made payments on Eurobonds in foreign currency

It is noted that the funds for the payment of income on these bonds in the amount of 71.25 million dollars and 26.5 million euros were received by the paying agent for Eurobonds – NCO National Settlement Depository JSC.

“Thus, the obligations to service government securities of the Russian Federation have been fulfilled by the Russian Ministry of Finance in full in accordance with the issuance documentation for Eurobond issues,” the report says.

It is worth noting that in five days, on May 25, the license that allows Russia, despite the sanctions, to pay debts in the United States, is coming to an end. This allowed the Russian Federation to avoid default.

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