The Russian Ministry of Finance announced the payment of a coupon on international bonds maturing in 2026 in the amount of USD 71.3 million in the Russian national currency, rubles.
According to the ministry, “The Ministry of Finance of the Russian Federation informs that, in accordance with the Decree of the President of the Russian Federation dated June 22, 2022 No. billion Russian rubles, which is equivalent to 71.3 million US dollars.
The statement added: “The Russian Ministry of Finance transferred funds to JSC NBCO (National Settlement Deposit) to make these payments in Russian currency at the official exchange rate.”
It is noteworthy that Presidential Decree No. 394 is a temporary measure to fulfill the debt obligations of the Russian Federation to residents and foreign creditors, denominated in government securities, the nominal value of which is indicated in foreign currency.