Russia explains how it will pay its debts ...News

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Russia explains how it will pay its debts
A reverse ‘ruble-for-gas’ scheme will be used to cover interest payments, minister says A scheme similar to the one Russia uses to get foreign payments for its natural gas will be used to service its sovereign debt, Finance Minister Anton Siluanov explained to a Russian business daily. Debtholders will need to open two accounts in a designated Russian bank to get what is due to them, Vedomosti reported on Sunday. Russia used the West-controlled financial system for payments related to its debt, but access to it was restricted under the sanctions imposed in retaliation for attacking Ukraine. The US previously allo

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