The economic website “RBK” claims that the issuance of bonds allowing payment in Russian currency will allow Russia to avoid default, after Washington revoked Moscow’s license to service public debt to dollars.
The site indicated that the Russian bond issues include a “payment in another currency” clause, which would allow the Russian authorities to pay in rubles, without declaring their default.
According to the website report, the alternative monetary payment clause is present in Russian financial bonds issued since 2018, so there is a legal possibility to pay in rubles under the penalties.
Earlier, Russian Finance Minister Anton Siluanov confirmed that the life of the Russian citizen will not be affected in any way in case there is a technical default on the debts of the Russian government due to US measures.
On Tuesday, the U.S. Treasury announced that it would not extend sanctions relief that allows Russia to pay sovereign debt to Americans, a move widely expected.
Source: RIA Novosti
Source: Arabic RT
