Azerbaijan news

Russia for the first time in 100 years … |

The night of June 27 Russia has defaulted on its foreign currency sovereign debt. This was reported by Bloomberg news gave. According to the agency, this Russia occurred for the first time since 1918. But Moscow denies the default claims.

On state shares on June 26 100 million dollars The grace period for overdue payments has expired. The expiration of the grace period means default, the agency said.

Bloomberg believes that “It’s the country’s rapid economic, financial and political It’s a sad sign that he’s turning into an idiot. “ The agency explains that the currency reserves of Central Baku have been frozen, and large banks have been isolated from the global financial system. However, it is emphasized that the default is mostly symbolic and means little to the Russians.

Minister of Finance of Russia Anton Siluanov He called the use of the term default “Persian” in the present case.

Russia He says he has the funds to cover any account. Last week, Moscow said it would repay its outstanding public debt in rubles because the current foreign exchange situation was artificially created by the West.

Before that USA The Ministry of Finance has refused to extend the license after May 25, which allows Russia to repay its sovereign debt in foreign currency. In response, the Russian Finance Ministry said it would repay its foreign debt in rubles. Ministry on Eurobonds payments Milli Account Depository 12 billion more than rubles funds announced the transfer. According to the agency, the obligations are in full execution has been published.

On March 5, the Russian president signed a decree on the possibility of converting foreign currency payments into rubles. On June 2, Vladimir Putin issued another order on the mechanism of payment in rubles on Eurobonds.

Foreign debt of the Russian Federation 40 billion more than a dollar in America and Europe shown in currencies.

Radio Free Europe / Radio Liberty



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