The Russian Finance Ministry said on Monday it had transferred 10.9 billion rubles, or the equivalent of $159.4 million, to the National Settlement Depository as coupon payments on U.S. dollar-denominated Russian Eurobonds due in 2028.
“Obligations on servicing the state securities of the Russian Federation were fulfilled by the finance ministry in full,” the ministry said in a statement.
The June 22 presidential decree approved a new procedure for servicing foreign sovereign debt. According to the new arrangement, all payments on Russian Eurobonds will be made in rubles.
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