Russia and Russian companies will be allowed to pay foreign creditors in rubles, under a decree signed by President Vladimir Putin on Saturday, as a way to...
Russia and Russian companies will be allowed to pay foreign creditors in rubles, under a decree signed by President Vladimir Putin on Saturday, as a way to service debt while capital controls remain in place, Bloomberg reported Sunday.
The... Russia and Russian companies will be allowed to pay foreign creditors in rubles, under a decree signed by President Vladimir Putin on Saturday, as a way to service debt while capital controls remain in place, Bloomberg reported Sunday. The prices of Russian corporate bonds denominated in foreign currencies have plunged in recent days after sanctions were imposed on the country in the wake of its invasion of Ukraine. The Russian government responded to the sanctions by reducing access to foreign currencies which could restrict the ability of bondholders to receive interest and principal payments.
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