17:02 - 6.04.2022

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April 6, Fineko/abc.az. “If Russia does not repay its debts in dollars by 4 May, it will face a technical default,” ABC.AZ reports with reference to the press service of the Russian Ministry of Finance.

Foreign banks do not allow Russia to make payments in rubles. Therefore, the Russian Finance Ministry transferred funds in rubles for the payment of coupon income and the redemption of Eurobonds.

Despite the fact that Russia considers such obligations “fulfilled”, in many cases foreign creditors do not recognize the ruble as a currency for repayment of external debt.

Sanctions were also applied to the financial sphere of Russia for military operations in Ukraine.