Market news
27.06.2022, 09:41

Kremlin rejects Russian default, says bond payments executed

Russia does not accept that it has defaulted on its external debt, the Kremlin said in a statement on Monday.

Additional takeaways

Russian gold and forex reserves are blocked unlawfully.

Russia made payment on euro bond coupons in May.

Euroclear not accepting Russia’s euro bond transaction 'is not our problem'.

Early Monday, Bloomberg reported that Russia has ''defaulted on its foreign-currency sovereign debt for the first time since 1918.

Market reaction

USD/RUB was last seen trading at 53.26, down 0.25% on the day.

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