Putin signed!

Russian President Putin signed a presidential order on June 22 to establish a temporary procedure for paying foreign currency government debt. According to the presidential order, the use of rubles for European bonds will be deemed to be a debt repayment obligation by Russia. The amount paid from this should be equivalent to the debt value of foreign currency calculations, and calculates the exchange rate of the payment date.

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"In this case, Russia will repay foreign debt with rubles"

According to the Russian News, the Russian Ministry of Finance issued a statement on May 25, local time, saying that as expected before, the United States did not extend the exemption of Russian foreign debt claims, and the Russian government could not continue to repay international debt with the US dollar and would repay it with Rabbit.

The U.S. Treasury announced on the 24th that the Russian government will not be postponed by the Russian government's debt repayment exemption through the US Bank, which will expire on the 25th.

It is reported that the Russian Ministry of Finance emphasized that the decision of the United States violated the rights of foreign investors to Russia's debt instruments and destroyed confidence in Western financial infrastructure.

The statement pointed out: "The Russian Ministry of Finance, as a responsible borrower, reiterated its willingness to continue to repay all debts. In view of the actual situation, the Russian side could not continue to repay the foreign debt with the US dollar and will repay it with the Russian federal currency."

Source: Xinhua News Agency

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