September 21, 2023 12:56 pm

Russia Responds to CNN’s Default Claim

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Russia Responds to CNN’s Default Claim

By RT News

The media outlet’s report is clearly false, finance ministry says

A report by US media company CNN about an alleged Russian Eurobond default announcement is not true, the Russian Ministry of Finance said on Tuesday.

CNN reported Monday, citing credit-ratings agency S&P, that Moscow has defaulted on its foreign debt because it offered bondholders payments in rubles and not in dollars.

“Information posted by CNN does not correspond to the facts,” the ministry’s statement said, adding “Russia did not announce the default on its Eurobond commitments.”

“Default means the debtor either has no money to honor his debt liabilities or no desire to honor such liabilities when funds are available. Neither of the two is the case in respect of Russia. The Russian Federation has enough funds to timely service and repay all its debt liabilities,” the finance ministry explained.

The ministry stressed that Washington’s actions to block Moscow’s payments have prejudiced the interests of foreign investors.

The hurdles to make payments, service and repay the Russian sovereign debt in foreign currency were created artificially, while the restriction for the Russian public-debt servicing can be viewed as the next default of foreign counterparties on their contractual obligations, the ministry said.

“All the possible claims of creditors related to this situation should be readdressed to the authorities of those states that unlawfully created obstacles to Russia’s fulfillment of its debt obligations,” it added.

The Ministry of Finance had also said earlier that the country would do everything possible to make sure its creditors are paid. Russia will take legal action if the West tries to create an artificial default in the country, Izvestia newspaper quoted Minister of Finance Anton Siluanov as saying on Monday.

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Related News

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY