Advertisement
Advertisement

Russia will continue to service external debt in roubles, minister says

By:
Reuters
Published: May 27, 2022, 12:37 UTC

(Reuters) - Russia will keep on paying its state Eurobond obligations in roubles and will defend its role as a reliable borrower by all possible means, Finance Minister Anton Siluanov said on Friday.

Illustration shows a Russian rouble banknote placed on U.S. dollar banknotes

(Reuters) – Russia will keep on paying its state Eurobond obligations in roubles and will defend its role as a reliable borrower by all possible means, Finance Minister Anton Siluanov said on Friday.

The finance ministry said on Wednesday that Russia would service its external debt in roubles, which can be converted into the currency of the original Eurobonds at a later date.

(Reporting by Reuters; editing by John Stonestreet)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Did you find this article useful?

Advertisement