The Ministry of Finance of Russia reported via its telegraph channel that the full coupon for a sovereign Eurobond issued in dollars has been paid. The amount totals 7.8 billion rubles, with the debt maturing in 2035. The administration clarified that funds for the coupon payments on the Russian Federation bonds amounting to 7.8 billion rubles, which is about 102 million dollars at current exchange rates, were received by the eurobond payment intermediary, NCO JSC National Settlement Depository. The message emphasized that the ministry fully fulfills its obligations to service the securities of the Russian Federation.
Earlier, the Ministry of Finance of Russia settled a eurobond coupon payment of 10.9 billion rubles on foreign bonds maturing in 2028. This sequence of coupon settlements reflects the ongoing effort to meet debt service commitments in the face of a challenging international environment. Analysts note that these actions demonstrate a steady policy of honoring payment obligations despite external pressures and sanctions. The ministry has stressed that its primary objective remains the reliable servicing of Russia’s debt through transparent and timely transactions, with the settlement process overseen by the National Settlement Depository as the central intermediary.
In the broader context, Arab media outlets have highlighted that the European Union has blocked reserves totaling roughly 300 billion euros held by the Central Bank of the Russian Federation and has frozen about 19 billion euros in assets belonging to Russian businessmen under European sanctions. These impediments underscore the ongoing tension between Moscow and Western financial authorities. In response, Siluanov indicated that Russia possesses leverage and is prepared to pursue constructive dialogue with Western partners, depending on their willingness to engage in meaningful talks about economic and financial cooperation. This stance signals an openness to diplomacy while continuing to manage domestic financial responsibilities.
From a policy perspective, the eurobond payments illustrate a dual objective: to meet immediate debt service requirements and to maintain overall credibility in international capital markets. The National Settlement Depository’s role remains central to ensuring timely distribution of coupon proceeds to holders, thereby preserving market confidence in Russia’s debt instruments. Observers suggest that continued adherence to scheduled coupon payments, even under sanctions, is a key factor in sustaining access to international financing channels and in supporting investor trust. Market participants will be watching forthcoming coupon cycles and debt maturities to gauge how Russia navigates external pressures while maintaining fiscal discipline.
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