Putin establishes guidelines for paying down foreign debt| MENAFN.COM

Saturday, 25 June 2022 03:58 GMT

Putin establishes guidelines for paying down foreign debt

(MENAFN) On Wednesday, Russian President Vladimir Putin inked a decree establishing a temporary process for paying the nation's external foreign debt. Moreover, the technique for paying bonds is identical to the one used by Moscow to make payments in rubles for its gas.

The intricacies of cooperating with foreign depositories, keeping special accounts, indexing monies credited to them, and paying bond coupons are established in the decree.

Putin also gave the Ministry of Finance and Cabinet of Ministers instructions to choose banks within the next 10 days to receive payments on Eurobonds under the new scheme and to make the required technical preparations.


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