MOSCOW—The Russian finance ministry on Thursday said it had fulfilled its obligations on two issues of dollar-denominated Eurobonds “in full” by sending 12.51 billion rubles ($234.5 million) in coupon payments to the National Settlement Depository (NSD).
The ministry said the payments were on Eurobonds maturing in 2027 and 2047.
“Thus, obligations on servicing the state securities of the Russian Federation were fulfilled by the finance ministry in full,” the ministry said in a statement.
Finance Minister Anton Siluanov said in a statement that Russia not making payments in the currency of issue did not amount to a default on its foreign debt.
President Vladimir Putin signed a decree on Wednesday to establish temporary procedures aimed at fulfilling Russia’s foreign debt obligations….