May 4 was the deadline for payments.
The media reports that Eurobond holders have received payments from Russia. Earlier, the Russian side paid Eurobonds in dollars with maturity on April 4, 2022 and 2042.
The Ministry of Finance of the Russian Federation confirmed that it was able to pay in dollars the amount of 649.2 million dollars.
This allowed Russia to avoid a technical default, Bloomberg reports.
Currently, the main international clearing centers have received and processed payments from Russia on Eurobonds.
Three more investors confirmed that the payments were received by their depository banks, RBC writes.
The next payments are due on May 27 – Russia needs to repay Eurobonds for 2026 and 2036.
Recall that initially the Ministry of Finance tried to pay for Eurobonds for April 4, 2022 and 2042 in rubles, because the country had frozen international currency reserves.
But the payment failed, and Russia was threatened with a technical default at the end of the grace period. It ended one month after the payment date, i.e. on May 4.
Later, the head of the Central Bank, Elvira Nabiullina, categorically denied information about a possible default in Russia. According to her, the Ministry of Finance of the Russian Federation has all the resources to repay Eurobonds. Everything depended on foreign banks.
As Topnews wrote earlier, analysts initially reported that Russia was not in danger of default – “because of the apostasy of the United States.” The fact is that the Russian side was allowed to transfer money in dollars.