Russia on the verge of technical default – an official statement from the Ministry of Finance

“Russia If he does not pay his debts in dollars by May 4, he will face a technical default.

UNIAN reports that, about this Russia The press service of the Ministry of Finance reported.

Reported that, Foreign banks do not allow Russia to make payments in rubles. She according to also Russia Ministry of Finance coupon income payment and transferred funds in rubles to repurchase Eurobonds.

For information according toAlthough Russia considers such obligations “fulfilled”, in many cases foreign creditors do not recognize the ruble as a currency to repay foreign debt.

Let `s note that, Military operations in Ukraine according to Sanctions have also been imposed on Russia’s financial sector.