Russian Ministry of Finance on Monday Accused Stranger countries of want to force Russia in an “artificial default” by unprecedented sanctions over Ukraine and declared that it would respect its debt obligations.
“The freeze of foreign currency accounts of the bank of Russia and of the Russian government can be considered desire of a number of foreigner countries organize an artificial defect that has not real economic reasons,” Finance Minister Anton Siluanov said. in A declaration.
Fitch rating agency last week downgraded the ruler of Russia debt note further into junk territory, warning that the decision reflects the view that a defect is “imminent”.
But Siluanov denied that Russia “cannot fulfill its obligations” of son government debt.
He said that Russia “is ready to make payments in roubles” according to the exchange rate rate of central russia bank on the day of payment, including son eurobond issued since 2018.
Punishments on Moscow over son “military transaction” in Ukraine has dealt an unprecedented blow to the banking system and financial system, with A large part of its frozen foreign currency reserves.
Russia has redoubled its efforts to prevent money to leave its borders and support the rouble, which has already saw a precipice drop in assess against the dollar.
