Russian ruble. File photoMOSCOW, 3 Apr. Russia continues to fulfill its debt obligations, despite attempts by the West to paralyze the country's economy, writes Business Insider. In an interview with the publication, expert Hassan Malik explained that many investors doubted the solvency of the Russian side, given the scale of the sanctions imposed against it. However, as the journalists stressed, at the end of March, Moscow sent bond payments in the amount of $447 million. the rest of the world,” the article says. In turn, expert Varut Prombun noted that before the start of the military operation in Ukraine, Gazprom and VTB bonds gave high returns. “They are definitely able to pay their debts,” Varut said.
Sanctions against Russia do not work, recognized the Prime Minister of PolandThe European Union on March 15 decided to ban the assignment of credit ratings to legal entities, organizations or bodies established in Russia. Earlier, for the same reason, Fitch Ratings withdrew the ratings of Russian companies. Issuer default ratings of Russia in foreign and local currencies were at the level of «C» before the withdrawal. On February 24, Russia launched a military operation in Ukraine. In response, Western countries announced large-scale sanctions against Moscow, primarily in the banking sector and the supply of high-tech products. Individual brands announced the cessation of work in the country. The Kremlin called these measures an economic war, the likes of which have never been seen before. The authorities stressed their readiness for such a development of events and assured that they would continue to fulfill social obligations. The Central Bank is taking measures to stabilize the situation on the foreign exchange market. The authorities also announced the transfer of payments for gas supplies to unfriendly countries into rubles. In addition, the government has prepared a plan to counter restrictive measures, which includes about a hundred initiatives. The volume of its financing will be about a trillion rubles.
