The Central Bank of Russia has clarified that President Vladimir Putin’s decree governing the payment process for the federation’s Eurobonds does not alter the exchange of assets with foreign investors. This clarification was reported by TASS, citing the Central Bank’s press service. The bank emphasized that the decree simply formalizes the already established procedures for disbursing coupons and the repayment of face value on Russia’s Eurobonds, ensuring a consistent framework for payments while maintaining the integrity of the existing settlement mechanisms.
The regulator’s statement further noted that the payment procedure remains unchanged for investors whose Russian Eurobonds are held in the records of Russian depositories, preserving the continuity of settlements for those securities that are managed domestically within the Russian financial infrastructure.
In the preceding day, it was reported that President Putin approved an interim settlement framework for Russia’s debt obligations issued as Eurobonds. The document addresses liabilities to both residents and foreign creditors, and it specifically concerns securities that are registered with foreign depositories—institutions responsible for secure custody and rights registration for these securities, and who play a key role in cross-border ownership and transfer of instruments.
Previously, it was acknowledged that the Ministry of Finance had fully met its obligations by paying coupon income on Eurobonds maturing in 2027 and 2047, totaling 19.6 billion rubles. This payment demonstrates the government’s continued adherence to the promised coupon schedules and the maintenance of regular debt service despite broader market challenges.
Additionally, there were reports that the Central Bank would intensify its foreign exchange sales in the near term, signaling a proactive stance in managing currency liquidity and exchanges as part of the broader monetary policy approach. This development underscores the careful coordination between the treasury, the central bank, and market participants in navigating the evolving macroeconomic environment.