{"id":102104,"date":"2024-08-26T16:49:54","date_gmt":"2024-08-26T13:49:54","guid":{"rendered":"https:\/\/pozirk.online\/en\/news\/102104\/"},"modified":"2026-03-10T12:05:06","modified_gmt":"2026-03-10T12:05:06","slug":"finance-ministry-makes-another-eurobond-interest-payment-in-rubels-2","status":"publish","type":"articles","link":"https:\/\/pozirk.online\/en\/news\/102104\/","title":{"rendered":"Finance ministry makes another Eurobond interest payment in rubels"},"content":{"rendered":"\n
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\n (Finance ministry's press office)<\/span>\n <\/div>\n <\/figcaption>\n<\/figure>\n\n\n\n

August 26, August.<\/em> <\/strong>The Belarusian Finance Ministry said it paid a rubel equivalent of $38.6 million in interest on the US-dollar-denominated Eurobonds maturing in 2026 and 2031.<\/p>\n\n\n\n

It transferred the funds to a separate account at Belarusbank, its press office reported.<\/p>\n\n\n\n

In late June 2022, the Council of Ministers and the National Bank declared their intention to service Belarus\u2019 foreign debt in Belarusian rubels. Belarus has been depositing rubel interest payments at Belarusbank for a year after Citigroup and Citibank stopped servicing payments on its Eurobonds amid Western sanctions.<\/p>\n\n\n\n

Rating agencies Fitch and Moody\u2019s downgraded Belarus\u2019 credit rating: the former said its default was inevitable, and the latter described the rubel payment as a default.<\/p>\n\n\n\n

The Belarusian Ministry of Finance criticized those decisions and keeps paying Eurobond interest in rubels.<\/p>\n\n\n\n

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