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The Russian Ministry of Finance recommends reducing payments on European bonds in the event of further blocking of payments by the European Union, according to a statement on the agency’s website. It is noted that due to EU sanctions, payments on Eurobonds are received only by those holders of securities that appear in the foreign accounting system. At the same time, Russian bondholders do not receive dividends.
In connection with the ongoing violations of the rights of Russian holders of Eurobonds by the international settlement and clearing system, payments on Eurobonds are received only by those bondholders whose rights are recorded in a foreign accounting system. The money does not reach Russian holders of Eurobonds, – declared in the Ministry of Finance.
Earlier, Russian Railways announced that the company made a payment on Eurobonds for 250 million Swiss francs, which was completed on time – March 12. However, as a result of Western sanctions, the funds were frozen, never reaching the accounts of the company’s creditors.