Moscow-Sana
Russian President Vladimir Putin today signed a decree on a new temporary measure to repay public debt, allowing the repayment of international bonds in Russian rubles.
According to TASS, according to the decree, Russia will be able to repay debts denominated in foreign currencies in Russian rubles.
“Obligations under Eurobonds are considered duly fulfilled if they are fulfilled in rubles in an amount equal to the value of the obligations in foreign currency and based on the exchange rate in the local currency market on the date of payment,” the presidential decree states.
Putin also instructed the Cabinet and the Ministry of Finance of Russia to determine “within 10 days” the banks through which the financial obligations under the Eurobonds will be repaid under the new decree, as well as to settle the technical aspect of the process.
The decree confirms Russia's determination to fulfill its international financial obligations despite the obstacles and sanctions imposed by the West.
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