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Russian finance ministry says it has met coupon payment obligations in full -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This sign was displayed outside Russia’s Finance Ministry building, Moscow, Russia. March 30, 2021. REUTERS/Maxim Shemetov

(Reuters) – Russia’s finance ministry said on Friday it had fulfilled its obligations to pay coupons on Eurobonds in dollar denomination due in 2023-2043. It also stated that Citibank has received the funds.

Russia would have to make $117 million in coupons payments to prove its ability and willingness to repay international debt. This was in response to sanctions imposed on Russia for events in Ukraine.

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