Finance ministry pays Eurobond interest in Belarusian currency again
August 30, BPN. On August 29, Belarusian finance ministry reported a payment of a rubel equivalent of $46.1 million on the U.S.-dollar denominated Eurobonds maturing in 2023 and 2030.
The funds were transferred to a separate account at Belarusbank, while Citibank N.A. London Branch, a designated Belarus’ Eurobond paying agent, was granted access rights.
On June 28, the Council of Ministers and the National Bank in a joint resolution declared their intention to service Belarus’ foreign debt in Belarusian rubels. On the next day, the Belarusian finance ministry reported the first rubel payment of interest on the 2027 Eurobond denominated in US dollars.
On July 7, Citibank, N.A. of London announced that it will stop servicing payments on Belarus’ Eurobonds amid Western sanctions.
Shortly after, rating agencies Fitch and Moody’s downgraded Belarus’ credit rating: the former said its default was inevitable, and the latter described the existing situation as a default.
The Belarusian Ministry of Finance criticized those decisions.
On August 4, S&P Global Ratings cut Belarus’ long-term foreign currency rating to SD (selective default) and said it has defaulted on Eurobonds (D).
- PoliticsInterior ministry brands 21 people as “extremists”The material is available only to POZIRK+
- Economy, SocietyLithuania intercepts 12 cigarette-smuggling drones from Belarus since JanuaryThe material is available only to POZIRK+
- Economy
- Politics
- Politics, SocietyIrregular Belarus-EU crossings hit new daily high for 2026 on April 16The material is available only to POZIRK+
- EconomyBelarus’ GDP contraction slows to 0.4 percent in Q1The material is available only to POZIRK+
- PoliticsŁukašenka seeks “mutually beneficial projects” with SyriaThe material is available only to POZIRK+
- EU says Minsk violates academic freedoms by blacklisting exiled universityThe material is available only to POZIRK+
- PoliticsOfficial: 2,354 propaganda workers employed in MinskThe material is available only to POZIRK+
- Politics, SecurityRussia-led military bloc plans two exercises in Belarus this yearThe material is available only to POZIRK+
- Politics
- SocietyEnvironment ministry announces aerial rabies vaccination of wild animalsThe material is available only to POZIRK+
- SocietyCustoms officers seize over 2 kg of psychotropic drugs from bus at Brest checkpointThe material is available only to POZIRK+
- EconomyCentral bank’s net foreign currency assets down 7.7 percent in MarchThe material is available only to POZIRK+
- EconomyBiełstat: industrial inventories up nearly 10 percent in Q1The material is available only to POZIRK+
- PoliticsRyžankoŭ to attend meeting of CIS foreign ministers in MoscowThe material is available only to POZIRK+
- EconomyIndustrial production down 3.4 percent in January-MarchThe material is available only to POZIRK+
- Politics, SecurityBelarus’ RCB defense unit holding decontamination drillThe material is available only to POZIRK+
- Politics, SocietyLithuanian education ministry denounces Belarus' extremist designation for Vilnius universityThe material is available only to POZIRK+
- Economy



