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The Ministry of Finance of the Russian Federation is exploring the possibility of replacing Eurobonds with Russian bonds

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Annabelle
Annabelle
I am Annabelle Sampson and I work for The News Dept as an author for their news department. My main focus is on economy news, but I also cover other topics such as business, finance, and current affairs. My writing has been featured in prominent publications such as The Wall Street Journal, Forbes Magazine, and the Financial Times. I have a passion for learning more about economic trends and understanding how they affect businesses of all sizes. To stay up to date with the latest developments in the field of economics, I make sure to keep track of reliable sources like Bloomberg News or Reuters. In addition to my writing work, I often provide consultation services related to economic matters for clients both large and small.
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Russian Finance Minister Anton Siluanov said that the ministry’s experts are examining the possibility of exchanging European securities for Russian ones. Reported by TASS.

Siluanov emphasized that the clearing will be carried out at current prices, taking into account the market realities.

“So we determine the market cost of Eurobonds, we are ready to issue rubles and make such swaps accordingly, but today not everyone is happy with it. Therefore, we are in a dialogue while the final decision is still under consideration, ”Siluanov explained the situation.

Russia has been fulfilling its Eurobond obligations by paying in rubles since April 2022. The changes took place against the backdrop of Western sanctions: a foreign counterparty bank refuses to transact in foreign currency.

Source: Riafan

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