The US Treasury announced the chance of the Russian Federation to pay the debt by May 25.
Analysts say that a default in Russia in the near future is not worth waiting for.
As “MK” reports with reference to the opinion of experts, several decisions affected the situation. On the one hand, the Russian government has stated that it has no problems with servicing the country’s public debt, and a payment of $117 million on Eurobonds has already been made the day before.
Such a development of events says that the US Treasury, which had previously announced sanctions against Russia, nevertheless allowed the US bank to make a payment in its own currency. The coupon was paid in dollars.
The US department explained that despite the sanctions against the Central Bank, Moscow will be able to pay the sovereign debt until May 25, 2022. Later, the Russian side will need a special license.
According to financial analyst Mikhail Belyaev, the move made by the Central Bank looks witty. Russia showed the availability of the necessary funds in rubles, after which they transferred the funds to Citibank, acting as a payment agent.
After that, it was explained to the American side that it would be able to pay the debt in rubles and dollars, but the latter is possible if part of the previously frozen foreign exchange reserves is unblocked.
The second reason for analysts’ optimism, according to the media, is that ordinary Americans and local corporations that previously invested in Russian enterprises will suffer from non-payment of interest on the debt.
“The American authorities do not need this before the congressional elections”, – the analyst believes.
The publication recalled that the next payment from Russia should arrive in the United States on April 4.
Recall that the Eurobonds that will have to be paid at that time are estimated at $ 2 billion.
The analyst is confident that there will be no problems with repayment, and the United States backed down, realizing the disadvantage of the situation for itself, because the consequences of restrictions will not be supported by either investors or ordinary holders of securities.
As Topnews wrote earlier, earlier the probability of default in Russia was estimated by the International Monetary Fund.