Russia avoided default on debt on external government bonds and made planned payments to investors in dollars. It is reported by Bloomberg.

Payments to investors on two issues of government bonds were received on May 3, the day before the deadline for their redemption.

According to the agency, clearing centers in Europe processed a $650 million payment from the RF Ministry of Finance 11 hours before the end of the grace period (May 4). After that, payments began to be distributed among the holders of Eurobonds " The transaction was approved by the US Department of the Treasury, since the payments were made from domestic foreign exchange earnings, and not from sanctioned money..

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Recall that the pre-default situation in Russia had already developed as of March 16, when preliminary payments were made on external debt obligations. Given the sanctions, experts expressed doubts that the Russian Federation would be able to make these payments in dollars.. However, at the last moment, Russia found the necessary amount and made payments in dollars..

At the same time, experts postponed a possible default of the country to April 4, calling future payments unlikely.. Non-payment of dollar debt obligations on April 4 launched a grace period of 30 days.