Russia to pay external debt in roubles if forex accounts remain blocked, TASS says

FILE PHOTO: Illustration shows Russian Rouble banknote is placed on U.S. Dollar banknotes
FILE PHOTO: Russian Rouble banknote is placed on U.S. Dollar banknotes in this illustration taken, February 24, 2022. REUTERS/Dado Ruvic/Illustration

March 10, 2022

(Reuters) – Russia will service its external obligations in roubles if foreign exchange accounts of the central bank and the government remain blocked by the western sanctions, Finance Minister Anton Siluanov was quoted as saying by TASS news agency.

Russian obligations towards foreign investors would be fulfilled in any case, Siluanov said, according to TASS.

(Reporting by Reuters; Editing by Alex Richardson)