The Russian Ministry of Finance for the first time fulfilled obligations on sovereign Eurobonds to foreign holders for $649.2 mln in rubles due to the refusal of a foreign agent bank to execute orders in foreign currency, the ministry reported, Trend reports with reference to TASS.
Thus, according to the ministry, a foreign correspondent bank refused to execute instructions for the payment of coupon income and the redemption of the notional value of external bond loans of the Russian Federation maturing in 2022 -"Russia-2022", and in 2024 - "Russia-2042" in the total amount of $649.2 mln due on April 4, 2022.
To make these payments, the Ministry of Finance transferred funds to National Settlement Depository at the official exchange rate of the Bank of Russia on April 4, 2022.