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https://www.nairaland.com/7064465/russian-debt-default-now-very#111687287

There are no grounds for a real default in Russia, Peskov said

There are no grounds for a real default by Russia, this situation is artificially created by the West, and if payments on Russian Eurobonds in foreign currency continue to be blocked, Moscow will pay in rubles, said Dmitry Peskov, press secretary of the President of the Russian Federation.
"For details, it is better to turn to the Central Bank, but once again, Russia has all the necessary resources to service its debts," Peskov told reporters.

He noted that significant amounts of Russian reserves are blocked in foreign countries.

“If the blocking continues and these transfers for servicing debts are also blocked from the blocked amounts, they can be paid in rubles. If this is not possible, then theoretically, theoretically, of course, some kind of default situation can be organized, but this is a purely artificial situation, there are no grounds for a real default," Peskov said.

The Russian Ministry of Finance announced earlier on Wednesday that for the first time it fulfilled its obligations in rubles on sovereign Eurobonds to foreign holders (for $649.2 million) due to the refusal of a foreign agent bank to execute orders in foreign currency.

Conversion into foreign currency will be possible no sooner than Russia will return access to frozen foreign currency accounts, follows from the statement of the ministry.

SOURCE

The Russian finance ministry said on Wednesday it had to pay roubles to holders of its dollar-denominated Eurobonds maturing in 2022 and 2042 as a foreign bank refused to process Russia's order to pay $649.2 million to holders of its debt.

The finance ministry said the foreign bank, the name of which it has not disclosed, rejected Russia's order to pay coupons on the two papers and also did not process the payment of the face value of the Eurobond maturing in 2022.

Russia may consider allowing foreign holders of its 2022 and 2042 Eurobonds to convert rouble payments into foreign currencies once Russia's access to its forex accounts is restored, the finance ministry said.

Russia's ability to fulfil its debt obligations is in focus after sweeping Western sanctions in response to what Russia calls "a special military operation" in Ukraine have frozen nearly a half of the country's state reserves and limited Moscow's access to global payment systems.

SOURCE

They will soon empmy their stock of Rubles and resort to printing like paper. At some point folks will reject such payments

Make dem settled
This is a war between US and Russia, Ukraine just been used as a battle field.

The whole world is crazy

Just print the da.rn roubles and service the debt


I said it here severally, that if US stops the bond payment Russia will pay with Rouble

This is it happening, EU should start stockpiling Rouble Reserve for buying gas from Russia or they could just maintain a reserve in their central bank and will be fun to watch

Wow
$650m worth of Rouble

Dar.n these Ruskies

Hahahaha

Let them enter into default first

Not ranting

You can't decide the currency to make your payment

klarry79:
They will soon empmy their stock of Rubles and resort to printing like paper. At some point folks will reject such payments

No one will accept it

They are just trying to scare people

Investor confidence have been killed completely

Russia can't raise bonds again in any country aside Syria or maybe NK

Lol..

USA is wrong with this sanction, countries will think twice before having their reserve in dollars and will try as much to be less dependent on west control......thank God is there is China and they know these before now.... download best of puttin dj mix on naija dj mix .com

It’s kinda pointless to fight for what you want when what you want continues to break your heart.

Putin will soon be history
Mark my words!!

Puremaker8:
Make dem settled
This is a war between US and Russia, Ukraine just been used as a battle field.

Exactly...

klarry79:
They will soon empmy their stock of Rubles and resort to printing like paper. At some point folks will reject such payments

You sound juvenile...l.

Russia, bitcoin is your friend. It's neutral and wont take no side.

Well, Russia just said its not only USA that knew how to print paper money.
Let see what will happen as those countries need their money, meaning they have to convert it to Dollar or Euro themselves
We need this in Africa, big time.
Africa countries need to learn now, keep your money in Gold and save it at home.
Yesterday was Libya, Iraq, Venezuela,
Today is Russia,
tomorrow maybe Nigeria

Like for Putin
Share for Buhari

The Russian Ministry of Finance announced earlier on Wednesday that for the first time it fulfilled its obligations in rubles on sovereign Eurobonds to foreign holders (for $649.2 million) due to the refusal of a foreign agent bank to execute orders in foreign currency.

Mumu minister, why is he quoting in Dollars

The first time Russia moved from a Cold War to an economic war with the United States it broke into many tiny bits. This time around they might be totally crushed as a lot more countries owe their economic stability to the US than Russia.

Power Lesson 2 : If the small opponent you have attacked is spiritually backed by a bigger demon, employ the tactics of the first lesson in defense, beat a hasty retreat! He who fights and runs away lives to run away another day!!

Uprightness100:
It will be quite difficult to pull Russia down.
We are in the End of the Endtimes and GOD HIMSELF is shaking the Endtimes actor and propping them to react.

GOD ALMIGHTY is the one who runs this earth.
Russia is One of GOD ALMIGHTY Major Endtimes actors.

In Course of carrying out her Endtimes Assignment, her time will come when she will brought low and wasted. But as for now, all these sanctions will do little or both to her. She will brought low when GOD ALMIGHTY hooks her down to Israel, with Iran,turkey and some other nations to fight Israel for her Wealth .

Israel,Iran, China, turkey, Sudan , Ethiopia, and a host of other Nations in the MiddleEast are also Major actors.

America is not seen in the Endtimes nations as she is the Mystery Babylon Falls in the book of revelation.

Folks! There is no more time! Anyday ! Anymoment, the RAPTURE of saints will Happen.

Jejely humble yourself and run to JESUS Christ so as not to left behind to lament and cry, Had I know!

Hyperreligiosity is a reflection of psychiatric disturbance.

na wa o

Uprightness100:
It will be quite difficult to pull Russia down.
We are in the End of the Endtimes and GOD HIMSELF is shaking the Endtimes actor and propping them to react.

GOD ALMIGHTY is the one who runs this earth.
Russia is One of GOD ALMIGHTY Major Endtimes actors.

In Course of carrying out her Endtimes Assignment, her time will come when she will brought low and wasted. But as for now, all these sanctions will do little or both to her. She will brought low when GOD ALMIGHTY hooks her down to Israel, with Iran,turkey and some other nations to fight Israel for her Wealth .

Israel,Iran, China, turkey, Sudan , Ethiopia, and a host of other Nations in the MiddleEast are also Major actors.

America is not seen in the Endtimes nations as she is the Mystery Babylon Falls in the book of revelation.

Folks! There is no more time! Anyday ! Anymoment, the RAPTURE of saints will Happen.

Jejely humble yourself and run to JESUS Christ so as not to left behind to lament and cry, Had I know!

Abegii

The headline is different from the actual report.

Russians really know how to play this mind games.
This statement will come in handy in the long future.

Well, Russia just said its not only USA that knew how to print paper money.
Let see what will happen as those countries need their money, meaning they have to convert it to Dollar or Euro themselves cheesy cheesy cheesy
We need this in Africa, big time.
Africa countries need to learn now, keep your money in Gold and save it at home.
Yesterday was Libya, Iraq, Venezuela,
Today is Russia,
tomorrow maybe Nigeria

Uprightness100:
It will be quite difficult to pull Russia down.
We are in the End of the Endtimes and GOD HIMSELF is shaking the Endtimes actor and propping them to react.

GOD ALMIGHTY is the one who runs this earth.
Russia is One of GOD ALMIGHTY Major Endtimes actors.

In Course of carrying out her Endtimes Assignment, her time will come when she will brought low and wasted. But as for now, all these sanctions will do little or both to her. She will brought low when GOD ALMIGHTY hooks her down to Israel, with Iran,turkey and some other nations to fight Israel for her Wealth .

Israel,Iran, China, turkey, Sudan , Ethiopia, and a host of other Nations in the MiddleEast are also Major actors.

America is not seen in the Endtimes nations as she is the Mystery Babylon Falls in the book of revelation.

Folks! There is no more time! Anyday ! Anymoment, the RAPTURE of saints will Happen.

Jejely humble yourself and run to JESUS Christ so as not to left behind to lament and cry, Had I know!

Which Israel?

The one occupied majorly by Judists and Muslims?