Payments on Eurobonds will be made after agreements with NSD – Kommersant
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The Ministry of Finance of Belarus will pay for its obligations to Russian Eurobond holders after concluding an agreement with the National Settlement Depository (NSD). The head of the ministry, Yuri Seliverstov, told the Belarus 1 TV channel.
“Today we are working out an agreement with the Russian National Settlement Depository, which our colleagues and partners proposed choosing as a “one window” so that all settlements go through this one entity,” he said (quoted from “Interfax”).
Settlements, according to Mr. Seliverstov, will be carried out after all the securities are collected in one depository and a list of all Eurobond holders is presented. “Our actions are aimed at developing a mechanism to bypass Western infrastructure and make payments between two friendly countries,” the minister added.
The amount of debt of the Ministry of Finance of Belarus to Eurobond holders from Russia exceeds $160 million. Payments to investors stopped in July 2022, when the international bank Citibank stopped servicing Eurobonds of Belarus.
Previously, a group of private investors of 200 individuals and 30 organizations appealed to the Deputy Head of the Russian Ministry of Economy, Dmitry Volvach, with a request to limit Belarus’ access to Russian government loans and the capital market due to non-payments on Eurobonds.
Read more in the Kommersant FM article. “Belarus remained in debt”.
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