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The Independent UK
The Independent UK
National
Via AP news wire

Russia offers foreign debt payment system similar to gas one

Russia Anton Siluanov Janet Yellen Vedomosti US Treasury Department
Copyright 2021 The Associated Press. All rights reserved.

Russia said Monday it may use an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts.

The Vedomosti business daily quoted Finance Minister Anton Siluanov as saying that Russia will offer the holders of its Eurobond obligations to accept a payment system bypassing Western financial infrastructure.

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