Vladimir Putin has defined a temporary procedure for payments on the foreign currency state debt of the Russian Federation

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AK&M 22 June 2022 18:41

Russian President Vladimir Putin signed a decree "On the temporary procedure for the execution of government Debt Obligations of the Russian Federation to Residents and Foreign Creditors Expressed in government Securities, the nominal value of which is indicated in foreign currency." The corresponding document is posted on the Kremlin's website.

In accordance with the decree, in particular, obligations on Eurobonds are recognized as fulfilled if they are listed in rubles in an amount equivalent to the value of obligations in foreign currency and calculated at the exchange rate of foreign currency formed on the domestic foreign exchange market of the Russian Federation.