• Ar
  • Es
Al Mayadeen English
  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Feature
  • Videos
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Feature
Videos
Infographs
In Pictures
  1. Home
  2. News
  3. Europe
  4. Moscow says will 'go to court' if declared in default
Europe

Moscow says will 'go to court' if declared in default

  • By Al Mayadeen Net
  • Source: Agencies
  • 11 Apr 18:42

After paying its first interest payment in rubles, Moscow will start legal proceedings if it is declared in default by Western countries following their draconian sanctions on the country.

  • A Russian ruble banknote
    A Russian ruble banknote

Moscow will initiate legal action if the West declares it in default, according to Finance Minister Anton Siluanov, after Russia was declared in "selective" default over the weekend.

Russia paid its foreign dollar debt in rubles last week after being unable to process the payment in foreign currency due to the draconian set of sanctions imposed on the country.

In an interview with Izvestia newspaper, Siluanov said, “We will go to court because we have taken all the necessary measures to ensure that investors receive their payments." 

"We will present to the court our invoices confirming our efforts to pay both in foreign currency and in rubles," he added.

S&P said, on Saturday, that Russia had entered "selective default" after repaying dollar-denominated bonds in rubles that had matured last week.

The designation, however, only applied to Moscow's foreign currency payments, leaving its ruble payments unaffected.

"Russia has tried in good faith to repay external creditors by transferring the corresponding amounts in foreign currency to pay our debt. Nevertheless, the deliberate policy of Western countries is to artificially create a default by all possible means," Siluanov said.

"If an economic and financial war is waged against our country, we are obliged to react, but while fulfilling our obligations," he stressed.

  • Ukraine talks
  • Ukraine crisis
  • Russia
  • war in Ukraine
  • Ukraine
  • Moscow
  • Ruble
  • Russian debt

Trending Now

All
View on the container terminal Tollerort of Hamburg Hafen and Logistik AG ports in Hamburg, Germany, Friday,  March 20, 2020. (AP)

Russia gas halt will send Germany into recession: German institutes

Most Read

David Hirsh – An asset of the Zionist regime

David Hirsh – An asset of the Zionist regime

  • Feature
  • 16 Aug
China: Will it now Toss Caution to the Wind?

China: Will it now Toss Caution to the Wind?

  • Analysis
  • 15 Aug
A US soldier sits in an armored vehicle in Manbij, northern Syria, in 2018 (AP Photo)

US troops loot 89 oil tankers from Syria, smuggle them into Iraq

  • MENA
  • 14 Aug
Dried-up Tille River in Lux, France (AP)

Climate crisis causes Tille river to become mass grave for fish

  • Europe
  • 12 Aug

Read this

All
Pink Floyd's Roger Waters demands freeing Assange at Washington rally
US & Canada

Pink Floyd Roger Waters demands freeing Assange at Washington rally

  • 18 Aug
The sun sets behind the Palais Coburg where closed-door nuclear talks take place in Vienna, Austria, Friday, Aug. 5, 2022 (AP Photo/Florian Schroetter)
MENA

Israeli media: "Israel" sees nuclear deal 'bad'

  • 18 Aug
Member of the Political Bureau of the Palestinian Islamic Jihad (PIJ) Mohammed al-Hindi
Palestine

PIJ: "Israel" stalling execution armistice terms

  • 17 Aug
In this July 23, 2013 file photo, French soldiers patrol through the central market in Timbuktu, Mali (AP Photo/Rebecca Blackwell, File)
Africa

Mali calls for emergency UN meeting over French 'aggression'

  • 17 Aug
Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • About Us
  • Contact Us
  • Authors
Android
iOS