Russia finance ministry says its order to pay $117m in Eurobond interest fulfilled
Russian Finance Minister Anton Siluanov attends a meeting with members of the government in Moscow, Russia, 12 March, 2020. Photo: Reuters
Russia's order to pay $117 million in interest on two Eurobond coupons was fulfilled, the finance ministry said on Thursday and it will update the market separately on whether the payment was deposited into the account of payment agent Citibank.
Sanctions over events in Ukraine have cut off Russia from the global financial system and blocked the bulk of its gold and foreign exchange reserves.
The payment on the two Eurobonds, due on Wednesday, is Moscow's first test in honouring its external debt obligations since Western sanctions were imposed.
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