The Finance Ministry of Russia specified its actions in terms of servicing the country’s public debt. The ministry will give all the necessary instructions to agents, provided that the accounts of the Bank of Russia and the government are unfrozen, Russian Finance Minister Anton Siluanov said.
"We will first give all the necessary payment orders to our transaction agents in accordance with the issue documentation in order to make a payment in foreign currency. This will be possible only if the foreign currency accounts of the Central Bank and the government are unfrozen," he said.
The minister added that Russia would repay foreign liabilities in rubles in case of counterparties' refusal to unfreeze the accounts of the Central Bank and the government. According to him, Russia intends to fulfill all obligations to investors in any case.
"If we receive a refusal or no response from agent banks, we will repay and service our obligations in rubles. In any case, obligations will be fulfilled to our investors. The possibility of receiving funds in the currency of the liability will depend on the restrictions imposed," Siluanov stressed.
