Russia declines failure to pay assertions| MENAFN.COM

Friday, 12 August 2022 10:04 GMT

Russia declines failure to pay assertions

(MENAFN) Russia has achieved its Eurobond duties to foreign shareholders, and the fact that the funds were not sent to receivers because of Ukraine-related penalties is no reason to state an evasion, Kremlin spokesperson Dmitry Peskov updated media on Monday.

“No, we don’t agree,” Peskov stated after getting a question by a journalist to remark on a statement by Bloomberg saying that Russia had failed to pay on its debt for the first time since 1918.

Peskov added that these statements are “absolutely unjustified” since the payment on the Eurobonds was done ahead of the closing date in mid-May.

“And the fact that Euroclear withheld this money, did not transfer it to the recipients, this is no longer our problem. That is, there is no reason to call this a default,” Peskov clarified.


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