Don't you have an account with Pajhwok Afghan News?

Click here to subscribe.

Russia says no question of default on foreign debt

30 Apr 2022 - 08:24
30 Apr 2022 - 08:24

KABUL (Pajhwok):  Despite biting global sanctions, Russia has once again ruled out the possibility of defaulting on foreign debt.

Bank of Russia head Elvira Nabiullina said after a meeting of the Board of Directors on Friday that Moscow has all the resources to meet its obligations,

TASS news agency quoted her as saying: “I would like to reiterate the Finance Ministry has the resources and economically, there can be no question of any default.”

Earlier, IMF’s European Department Director Alfred Kammer said the low level of Russian sovereign debt and market conditions cut the risks for Moscow in case of a possible technical default.

As of February 1, 2022, Russia’s external public debt stood at $59.5 billion, including debt on external bond loans – $38.97 billion. The Russian Federation has 15 active bond loans with maturity periods from 2022 to 2047.

PAN Monitor/mud

Visits: 104

Related Topics



Pajhwok is interested in your story suggestions. Please tell us your thoughts by clicking here.


Download our mobile application to get the latest updates on your mobile phone. Read more
Exit mobile version