Russia fulfilled its obligations to pay more than $300 million on Eurobonds

Paying agent for Eurobonds of the Ministry of Finance The Bank of New York Mellon received funds to redeem DOLLAR securities in the amount of $329.2 million, the agency said. Sources of RBC reported,

The Ministry of Finance of RUSSIA has fully fulfilled its obligations on payments on Eurobonds with maturity in 2030, according to the agency's website.

“Funds for the payment of coupon income and partial repayment of principal on bonds of external bond loans of the Russian Federation with a final maturity in 2030 in the total amount of $329.2 million were received by the paying agent for Eurobonds (The Bank of New York Mellon),” the Bank of New York Mellon said in a statement. message.

Earlier on Thursday, RBC sources reported that the Ministry of Finance was able to use the frozen foreign exchange reserves to fulfill obligations on Russia's external public debt, despite the sanctions . One of RBC's interlocutors confirmed that the funds for making dollar payments are debited from "frozen foreign exchange reserves." The press service of the Ministry of Finance stated that the payments were made "from the federal budget using the accounts of the Bank of Russia."

Russia was able to pay off foreign debts from frozen reserves Economics

On March 10, Finance Minister Anton Siluanov claimed that in order to make dollar payments, the Ministry of Finance would issue payment orders to agents in accordance with the issuance documentation. However, according to him, this will be possible only if the currency accounts of the Central Bank and the government are unfrozen.