Russia warns may be forced to pay foreign currency debt in roubles due to sanctions

March 14, 2022 3:38 PM

MOSCOW (REUTERS) – Russia’s finance ministry said on Monday (March 14) it had approved a temporary procedure for repaying foreign currency debt, but warned that payments would be made in roubles if sanctions prevent banks from honouring debts in the currency of issue.

Source : https://www.straitstimes.com/business/economy/russia-warns-may-be-forced-to-pay-foreign-currency-debt-in-roubles-due-to-sanctions