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Forwarded from GJ `°÷°` 🇵🇸🕊 (t ``~__/>)
The #Kremlin's quick shooting down of the German economy minister's comments and the G-7's stance on the ruble came Monday via a Russian lawmaker to state-run RIA Novosti: "Russian lawmaker Abramov says #G7's refusal to pay in Russian #roubles for #gas will definitely lead to a halt in supplies."
Elsewhere the Kremlin said it's not running a "charity" - according to TASS:

Russia Threatens G7 Nations As Ministers Reject Gas-For-Rubles Scheme | OilPrice.comhttps://oilprice.com/Geopolitics/International/Russia-Threatens-G7-Nations-As-Ministers-Reject-Gas-For-Rubles-Scheme.html

#Russia #EU #Ukraine
Forwarded from GJ `°÷°` 🇵🇸🕊 (t ``~__/>)
Forwarded from GJ `°÷°` 🇵🇸🕊 (t ``~__/>)
Russia launches Eurobond rouble buyback offer on looming $2 bln bond payment | Reuters – https://www.reuters.com/business/finance/russia-buy-back-2-bln-eurobond-2022-roubles-2022-03-29/

LONDON, March 29 (Reuters) - #Russia has offered to buy back dollar bonds maturing next week in #roubles in a move seen by analysts as helping local holders of the $2 billion sovereign issue receive payment, while also easing the country's hard-currency repayment burden.

The terms of the #bond prescribe that repayment has to occur in dollars. Repaying at maturity in roubles might again raise the prospect of Russia's first external sovereign default in a century.

Analysts and investors said the move was likely designed to help Russian holders who now face restrictions in receiving dollar payments.

Russia's next payment is on March 31 when a $447 million payment falls due. Its biggest payment of the year - and its first full repayment of principal, of $2 billion - is due on April 4 .