The central bank still seems to be escaping a national bankruptcy.
(Photo: Reuters)
Berlin According to the Ministry of Finance, Russia has also made the third interest payment due on a foreign currency bond since the beginning of the invasion of Ukraine. $102 million for the government bond, which runs until 2035, has been transferred to the National Settlement Depository, the ministry announced on Tuesday in Moscow. From there, the funds are usually passed on to international creditors.
The payments are seen as a test of whether the government in Moscow can meet its international obligations and serve investors.
Just a few days ago, Russia, which is subject to Western sanctions, arranged for the transfer of more than 117 million dollars for two other foreign currency bonds, thereby averting a state bankruptcy. Had there not been a transfer, it would have been the first default since the Russian Revolution of 1917, when the Bolsheviks refused to recognize Tsarist-era debts.
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