Russia working on new mechanism to service foreign debt
Russian Rouble coins are seen in front of displayed US Dollar banknote in this illustration taken, February 24, 2022. REUTERS/Dado Ruvic/Illustration
Russia will prepare a settlement mechanism before June payouts that will allow it to service its dollar-denominated foreign debt, Finance Minister Anton Siluanov said in a TV interview aired on Friday.
Siluanov also said Moscow expects to receive up to an additional 1 trillion roubles ($15.27 billion) in oil and gas revenues this year, funds from which will be channelled to increased social welfare payments.
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