
Thanks to the unfriendly steps of the US Treasury, the Ministry of Finance transferred cash to the National Settlement Depository to make payments on Eurobonds in rubles at the official exchange rate of the Lender of Russia on April 4, 2022. Consequently, the obligations below the bonds “Russia-2022” and “Russia-2042” have been fulfilled in total, the ministry explained in a statement.

These payments, which are thanks to holders who are overseas persons from unfriendly nations around the world, are topic to crediting to accounts of sort “C”.

Earlier, the international correspondent bank refused to execute orders for the payment of coupon income and compensation of the nominal price of the bonds of exterior bond financial loans of the Russian Federation with maturity in 2022 “Russia-2022” and for the payment of coupon profits on Eurobonds with maturity in 2042 “Russia-2042” totaling $649.2 million, experiences Ministry of Finance.

As a consequence of the Ministry of Finance’s early redemption of 72.4% of the Russia-2022 bond issue from Russian traders for rubles on March 31, 2022, the volume of these instruments in circulation reduced, which authorized lowering the quantity of payment on them on April 4, 2022 to $.56 billion from $2.05 billion. With rare exceptions, non-inhabitants are the proprietors of the exceptional bonds of this problem, the ministry emphasizes.
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