{"id":98065,"date":"2024-07-29T23:14:38","date_gmt":"2024-07-29T20:14:38","guid":{"rendered":"https:\/\/pozirk.online\/en\/news\/98065\/"},"modified":"2026-02-24T20:40:57","modified_gmt":"2026-02-24T20:40:57","slug":"russia-allows-belarus-development-bank-to-service-eurobonds-in-rubels","status":"publish","type":"articles","link":"https:\/\/pozirk.online\/en\/news\/98065\/","title":{"rendered":"Russia allows Belarus’ Development Bank to service Eurobonds in rubels"},"content":{"rendered":"\n

July 29, Pozirk.<\/em><\/strong> The Bank of Russia has allowed<\/a> Belarus’ Development Bank to make rubel payments to Russian holders of its Eurobonds, as Minsk and Moscow face international financial sanctions.<\/p>\n\n\n\n

“Payments will bypass foreign institutions,” the Russian central bank said.<\/p>\n\n\n\n

Russian investors who have applied for coupon payments or redemption in rublels must apply directly to the issuer and renounce all claims, it said. <\/p>\n\n\n\n

After the payments have been made, the bonds will be written off the owners’ account and credited to the issuer’s account with the National Settlement Depository, a Russian financial institution.<\/p>\n\n\n\n

For Eurobond obligations in Belarusian rubels to be fulfilled, holders must confirm their “friendly status,” the central bank stressed.<\/p>\n\n\n\n

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Development Bank delays Eurobond payments over sanctions<\/h3>\n
May 3, Pozirk. The Belarusian Development Bank has announced that it will not be able to transfer $500 million in principal and interest to the Eurobond paying agent because of the lack of access to "the Western settlement and clearing …<\/div>\n \n