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Siluanov said that investors will be able to withdraw the payment of Russia’s public debt in foreign currency

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Russian Finance Minister Anton Siluanov said that the West is pushing Russia towards a technical default and will be very happy if holders of Russian securities cannot receive payments on them. However, according to him, investors will be able to receive a coupon payment on Eurobonds in rubles, convert it into foreign currency and withdraw it from the country without restrictions. The coupon payment on Russian Eurobonds is expected at the end of June. “At the end of this month, at the end of June, we will have another coupon payment. We will do it in rubles. The investor will be able to immediately receive, he may think and come after some time, but at the rate at the end of the current month, at the end of the payment, he will always be able to convert these rubles into the currency he wishes, and calmly withdraw from the country. There are no restrictions,” Mr. Siluanov said in an interview with RBC TV on the sidelines of the St. Petersburg International Economic Forum (SPIEF). He noted that Russia will do everything to maintain the status of a reliable borrower and so that foreign investors can receive debt payments … .

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