Russia has offered to repay dollar-denominated sovereign bonds maturing next week by paying rubles, in a move that analysts believe is aimed at helping domestic holders of the $2 billion sovereign bond issue and easing the burden of repaying the country's hard-currency debt.
The Russian Finance Ministry's offer to buy a Eurobond maturing on April 4, which is Russia's largest sovereign debt repayment for 2022, follows moves by the West to increase sanctions against the country for its invasion of Ukraine and take Moscow out of international financing.
Moscow, which calls its actions in Ukraine a "special military operation",
[CNA]
CNA - Reuters
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