The Ministry of Finance called CNN’s false information that Russia defaulted on public debt
“The information published by CNN does not match the release. Russia does not default on its Eurobond obligations. Default means that the debtor does not have the funds to fulfill its debt obligations or the unwillingness to fulfill these obligations if there are funds. There is no talk of either one or the other in the case of Russia. The Russian Federation has sufficient funds to ensure the fulfillment of obligations and cancel all of its debt obligations.”
The ministry said that prohibiting US rights above all infringe on the interests of foreign citizens, including Americans.
Obstacles to making payments, exclusion and service of the state debt of the Russian Federation in foreign currency are natural, therefore, the discovery of the service of the state debt of the Russian Federation can be regarded as another failure by its foreign counterparties to fulfill their contractual obligations identified by the Ministry of Finance. “All possible assumptions were formed in the current with the current exemplary connection, which should be redirected to states that are potentially dangerous for Russia with their debt obligations,” the ministry added.
According to the Ministry of Finance, as a result of the early redemption of 72.4% of the Russia-2022 bond issue from the Russian morbidity for rubles carried out by the Ministry on March 31, 2022
This allows to reduce the amount of payment on them, “urgent on April 4, from $2.045 billion to $564.8 million.”
On April 11, CNN, citing Standard & Poor’s, an international rating agency, reported that Russia had defaulted on its external debt, offering bondholders payments in rubles instead of payments in dollars.