Funds are sent to the London branch of Citibank.
Russia has found dollars to pay off foreign debt to avoid default , according to Reuters .
Russia paid $ 564.8 million in 2022 Eurobonds and $ $ 84.4 million in 2042 Eurobonds in dollars, as provided by the debt agreements.
If sanctions do not stand in the way and borrowers eventually get the money, the expected default of the Russian Federation on foreign loans next week will not happen.
There has been no default in Russia since the 1998 financial collapse. Russia did not see a serious international or “external” default after the 1917 Bolshevik revolution. The current risk of default is due to sanctions imposed on Russia by other states for waging a full-scale war in Ukraine.
Read also: Private remittances to Ukraine decreased by 25%
The war significantly affected the economy of our country, in particular its agrarian sector. According to the Ministry of Agrarian Policy, due to the war, the area under arable land in 2022 decreased by 3.5 million hectares in the zone of active hostilities. However, the aggressor did not and will not be able to stop the work of agribusiness in Ukraine. And it's not just words, because a lot has already been done for the sustainability of agribusiness in wartime. Read more in the article Bohdan Yaskiv and Margarita Bryanska “How it works agrarian business in the conditions of war “ .
