Russia wants to extend the use of the ruble to energy exportssaid today the representative of the Kremlin Dmitry Peshkov, noting however that it is still too early to talk about deadlines and details.
“The president has set out a methodical and step-by-step approach to expanding the use of national currencies,” Peshkov told reporters in a teleconference.
Russian President Vladimir Putin said yesterday, Thursday, that the role of national currencies in export agreements should be increased, amid Russia’s stated desire to change and make payments in rubles. its supplies of natural gasmainly in Europe.
Alongside, Moody’s talks about possible bankruptcy in Russia, as she tried to pay her bonds in dollars in rubles.
Russia made a payment scheduled for April 4 for two government bonds -with maturity in 2022 and 2042- in rubles instead of dollars provided for under the terms of these securities.
Russia “can thus be considered as it is defaults on Moody’s definition unless there is a change by 4 May, the grace period ends“, Said o Moody’s house in an announcement.
In the previous days the Ministry of Finance of Russia announced that it had to pay in ruble the holders of Eurobonds denominated in US dollars maturing in 2022 and 2042, as a foreign bank refused to process the payment order of 649.2 million dollars to the debt holders, according to Reuters.
The Ministry of Finance announced that the foreign bank, whose name was not announced, rejected the payment order of Russia in the debt coupons and also did not process the payment in the nominal value of the Eurobond that matures in 2022.
Russia’s ability to continue to repay its debt has come to the fore after massive Western sanctions in response to Russian invasion of Ukraine.
In the meantime the Europeafter the sanctions imposed on Russia, is trying to get rid of Russian gas by looking for alternatives.
At the long-dormant construction site of the Norway-Poland gas pipeline on Danish soil, work has resumed after Russia invaded Ukraine. Plans to build methane terminals in northern Germany, Finland or France, new pipeline branches to Spain or the eastern Mediterranean are in the works.
In Middelfart, on the Danish island of Fünen, work on the Baltic Pipe pipeline resumed last month to complete the 900-kilometer Norway-Poland connection.
“The goal is also to supply me with natural gas and the Danish network, but the key is to contribute to the network of good neighbors and friends of Poland “, explains an executive of Energinet, the manager of the Danish energy infrastructure.
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