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Russia Not in Default, Can Pay Off its External Debt, Says VTB Bank CEO

RUSSIA
  • When asked about the blocking of payments on Russian Eurobonds from frozen reserves, it was noted that the blocking of the Bank of Russia's reserves is illegal
  • "Of course, I don’t see any need to pay today in addition to what has already been done. In fact, the blocking of sovereign money, the reserves of the Central Bank is an unheard-of violation of all international norms, rules, laws.
  • Before that there were two such cases - Afghanistan, Iran. And now - Russia. It is absolutely unacceptable, and in these conditions, there is still no need to spend funds and foreign currency to pay, especially since these funds are available," - TASS
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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