Belarus will fulfil debt obligations on Eurobonds in national currency

Belarus’ Council of Ministers and National Bank adopted a relevant resolution – as informed by the Government’s Telegram channel

“The execution of debt obligations on government securities placed on foreign financial markets will be carried out in Belarusian Roubles at the National Bank’s exchange rate as of the date of payment,” the message reads.

This measure is forced due to the inability of a paying agent and other participants of the international settlement and clearing system to guarantee completeness and timeliness of money transfer to all Eurobond holders. According to the Government’s press service, this is confirmed by the facts of non-receipt by individual holders of coupon income on Eurobonds transferred by Belarus’ Finance Ministry this February.