Russia’s bond payments and debt actions in focus
The Russian Federation’s Ministry of Finance reported that ruble coupons were paid on government bonds maturing in 2027 and 2032, signaling ongoing servicing of external debt obligations. This operation involved the Eurobond payment agent, the National Settlement Depository (NSD), which transferred a total of 200,000 Turkish Lira to cover coupon proceeds for the foreign-currency bonds tied to the 2027 and 2032 maturities. The funds equated to 3.6 billion rubles, or about 37.2 million euros, marking a standard transaction in the sovereign debt management calendar. (Source: Ministry of Finance)
Earlier statements indicated that private investors represented by the Russian government could face restrictions on the scale of state loans issued to Belarus. Moreover, there were notes of a pause on new lending due to Minsk’s failure to meet bond obligations. A formal appeal was directed to Dmitry Volvach, Deputy Minister of Economic Development of the Russian Federation, outlining the concerns and proposed steps to manage exposure and ensure orderly debt servicing. (Source: Economic Development Ministry)
In another development, President Vladimir Putin approved a temporary framework for the Russia’s Eurobond debt obligations. The directive outlines responsibilities to both local residents and foreign creditors, including securities held by foreign depositories — entities that store securities and register ownership rights. This measure aims to provide clarity and a predictable process for meeting debt commitments under the eurobond program. (Source: Presidential Administration)
Additionally, the Central Bank of the Russian Federation signaled a potential material increase in foreign exchange sales, indicating an intended expansion of currency supply management in the near term. This move would influence liquidity and currency dynamics as the government and the central bank coordinate strategies for external debt and financial stability. (Source: Central Bank)