Russia says repaid dollar debt in rubles amid default fears ...Middle East

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Russia says repaid dollar debt in rubles amid default fears
MOSCOW: Russia has made two interest payments on dollar-denominated debt in rubles, the country's finance ministry said Thursday, as Moscow faces the risk of an external debt default.“Funds for the payment of coupons on external bonds of the Russian Federation maturing in 2027 and 2047 in the total amount of 12.51 billion rubles (the equivalent of £234.85 million) have been received by the National Settlement Depository (NSD) eurobond payment agency,“ the ministry said in a statement.“Thus, the obligations... of the Russian Federation are fulfilled in full by Russia’s finance ministry,“ it added.In the statement, the ministry said that it is using a new temporary payment system which came in

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