Russia implements a dollar-denominated bond interest payment in rubles = Ministry of Finance | Reuters

Russia’s Finance Ministry said on Monday it had transferred 7 billion rubles ($117.2 million) in interest on two dollar-denominated bonds to the Federal Securities Depository (NSD). FILE PHOTO: Moscow, May 2022. REUTERS/EVGENIA NOVOZHENINA

MOSCOW (Reuters) – Russia has transferred 7 billion rubles ($117.2 million) in interest on two dollar-denominated bonds to the Federal Securities Depository (NSD), the finance ministry said on Monday.

Interest payments were made on 2023 and 43 year bonds.

The US and major rating agency Moody’s said Russia defaulted on foreign currency bonds at the end of June for the first time in almost a century. But Russia insists it has not failed.

The next bond payment in foreign currency will be on 21 September.

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