Russia to service foreign debt in roubles if other options blocked, says finance minister

18/5/2022 6:42:00 PM

Russia to service foreign debt in roubles if other options blocked, says finance minister

for the latest news you need to know.A NEW DELHI (May 17): Russia became the fourth-largest oil supplier to India in April, with volumes set to rise further in coming months as low prices spur demand from the world's No.Telegram channel for the latest updates.Telegram channel for the latest updates.

Wednesday, 18 May 2022 5:52 PM MYT MOSCOW, May 18 — Russia will service its external debt obligations in roubles if the United States blocks other options and will not call itself in default, Finance Minister Anton Siluanov said.Washington is considering blocking Russia’s ability to pay its US bondholders by allowing a key waiver to expire on May 25, which could put Moscow closer to default.Russia's share in India's oil purchases rose to a record 6%, about 277,000 barrels per day (bpd) in April, up from about 66,000 bpd in March, when it was in 10th position, according to the data, which was supplied by trade sources.Moscow is due to make another Eurobond payment on May 27.Buses left the steelworks late on Monday in a convoy escorted by Russian armoured vehicles.“We are not going to call any defaults, we have money — unless Western countries make it impossible to service our debts,” Siluanov told a forum.Western sanctions against Russia for its invasion of Ukraine has opened a rare arbitrage flow, prompting Indian refiners to increase buying of cheaper Russian oil shunned by many Western countries and companies.“We will be able to pay and will pay foreigners in roubles as a last resort option if Western (financial) infrastructure is closed for us.According to the same decree, Russia will also significantly reduce its environmental standards for cars, the Kommersant business daily said in its Monday edition, bringing them back to standards for vehicles produced in 1988.

” Western sanctions on Russia ban transactions with Russia’s finance ministry, central bank or national wealth fund.Indians had bought stranded Russian oil while some European buyers had bought higher volumes of African and U.There were some women aboard at least one of the buses in Olenivka, Reuters video showed.But the US waiver, issued by the Treasury Department’s Office of Foreign Assets Control on March 2, had made an exception for the purposes of “the receipt of interest, dividend, or maturity payments in connection with debt or equity.” That has allowed Moscow to keep paying investors and avert default on its government debt, and allowed US investors to continue to collect coupon payments.oil, he said.After the waiver expires on May 25, Russia will still have almost US$2 billion (RM8.One rested against duffel bags stacked on the floor.7 billion) worth of external sovereign bond payments to make before the end of the year.5% in March, while that of U.— AFP You May Also Like.

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