Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 30/06/2022 01:29 
18.05.2022 17:26 News >> Russia Will Not Default On Foreign Debts: Finance Minister

Russia Will Not Default On Foreign Debts: Finance Minister

If Western financial systems are closed to Russia, it will pay foreigners in rubles as last option, Anton Siluanov says.

Russia on Wednesday declared that it would not default in the face of Western sanctions imposed after the outbreak of the war in Ukraine, asserting that it had enough money to finance its foreign debt.
Speaking at an event in the capital Moscow, Finance Minister Anton Siluanov said that if Western financial systems are closed to Russia, the country would pay foreign lenders in rubles as the last option.
"Yes, there will be a decline in our economy. It was impossible for the economy not to react to all these constraints," Siluanov said.
Underlining that the decline "would have been more severe if we had not taken supportive measures," the official said Russia had recovered from the initial shock of the sanctions.
Still, overcoming from the effects of restrictions imposed on technology will take time, Siluanov added. "However, with a reasonable budget and fiscal policy, we will resist additional sanctions and maintain our financial independence."
Due to the sanctions by the Western countries, the possibility of Russia's default on its foreign debts has caused concern.
The minister said the country had been able to pay for its Eurobonds in US dollars on April 29.
Russia is grappling with punitive economic sanctions imposed by international powers in the wake of its war on Ukraine.
At least 3,778 people have been killed in the war and 4,186 injured since it started on Feb. 24, according to UN estimates. The true toll is believed to be much higher.
Over 6.3 million people have fled to other countries, with some 7.7 million people internally displaced, according to the UN refugee agency.
*Writing by Gokhan Ergocun from Istanbul -



        Latest News
Key US Republican Senator Backs Sale Of F-16 Fighter Jets To Türkiye -25 minutes ago...
Upgrading Türkiye's 'aviation capability will benefit Turkey, the U.S., NATO and regional security,' says Lindsey Graham.
R. Kelly Sentenced To 30 Years In US Federal Prison For Sex Trafficking, Sex With Minors 20 minutes ago...
'Kelly relied upon his fame, money and popularity,' say prosecutors.
Dow Gains; S&P 500, Nasdaq Off During Volatile Session -25 minutes ago...
Blue chip Dow adds 82 points to close at 31,029.
Türkiye 'Satisfied With Constructive Approach' By Sweden, Finland -25 minutes ago...
'We will work to ensure that NATO has more unity on terrorism,' says Turkish communications director.
Central Banks' Challenge Is To Control Inflation Without Recession: S&P -10 minutes ago...
High prices, aggressive Fed make it hard for US economy to 'walk out of 2023 unscathed,' says rating agency.

 
      Top News
Turkish Bocce Athlete Claims Gold Medal At Mediterranean Games Turkish Bocce Athlete Claims Gold Medal At Mediterranean Games
Protests Enter Second Day Against Rising Costs Of Living In Ghana Protests Enter Second Day Against Rising Costs Of Living In Ghana
UK Announces Further Sanctions On Russia Targeting Putin's 'Inner Circle' UK Announces Further Sanctions On Russia Targeting Putin's 'Inner Circle'
Biden Discuss Indo-Pacific, North Korea In Meeting With South Korean, Japanese Leaders Biden Discuss Indo-Pacific, North Korea In Meeting With South Korean, Japanese Leaders
Finland, Sweden Accession To Be 'Unprecedentedly Quick,' Says NATO Chief Finland, Sweden Accession To Be 'Unprecedentedly Quick,' Says NATO Chief
Biden To Host Mexican President July 12: White House Biden To Host Mexican President July 12: White House
New York Fed Chair Dismisses Recession In US Economy New York Fed Chair Dismisses Recession In US Economy
US Consumer Confidence Falls To Lowest Since February 2021 US Consumer Confidence Falls To Lowest Since February 2021
Turkish Arcelik Acquires Indesit JSC And Whirlpool LLC Turkish Arcelik Acquires Indesit JSC And Whirlpool LLC
At Least 46 People Dead After Being Found In 18-Wheeler In US State Of Texas At Least 46 People Dead After Being Found In 18-Wheeler In US State Of Texas