Russia to service external debt in roubles, ministry says


Reuters | Updated: 25-05-2022 17:13 IST | Created: 25-05-2022 16:39 IST
Russia to service external debt in roubles, ministry says
Representative image Image Credit: ANI

Russia will service its external debt in roubles, which can be converted into the currency of the original Eurobonds at a later date, the finance ministry said on Wednesday.

The ministry said a U.S. decision not to extend a waiver allowing Russia to service its bonds in foreign currencies would hit foreign investors first.

 

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