Tag debt

Russia to Pay Foreign Debt in Rubles, Top Official Said

The OFAC license, which allowed transactions necessary to receive payments on debt obligations of the Ministry of Finance of the Russian Federation and the Bank of Russia for a period up to May 25, will not be extended.  The license, which allowed servicing the sovereign dollar debt attracted until March 1, 2022, was issued almost

US Court Dismissed Ex-Yukos Shareholders’ Lawsuit Against Russia

The US Court of Appeals for the District of Columbia decided to reject the claim of the ex-shareholders of the Yukos oil company to Russia for $50 billion, as reported with reference to the court’s ruling.   The appeal granted the petition of the defendant represented by Russia and rejected the petition of the ex-shareholders of

Economics | Business  | 23.12.20

Experts Studied Russians’ Opinions on Debt Repayment

The NAFI analytical centre conducted a study of the attitude of Russians to the phenomenon of bankruptcy and debt repayment. According to the results of the study, today 28% of Russians use bank loans. Most people rely mainly on themselves and their close ones in solving financial problems.   It is stated that if it is

Economics | Business  | 02.11.20

Russian Debtors to Save Property Thanks to Coronavirus

Until the end of 2020, the bailiffs will not go to the addresses of the debtors to list their property. According to the director of the Federal Bailiff Service of Russia, Dmitry Aristov, the employees of the department will not inspect the property and seize it, except vehicles owned by a debtor.   It is stated

Economics | Business  | 19.10.20

Experts Named Russian Regions With Highest and Lowest Debt Burden

The total volume of lending to Russians over the past year has increased by 13 per cent, RIA News reports, which ranked the most and the least credited regions of the country.  Among the most heavily credited regions were Kalmykia, Tuva, and Kurgan region, where the degree of debt burden is 87 per cent, 76

Moscow | Insight  | 29.04.20

Ban on Shutting Down Utilities for Debts Introduced in Moscow

In Moscow, a ban was put until the end of the year on shutting down utility services for debts. According to Petr Biryukov, Deputy Mayor of Moscow on Housing and Communal Services, the fines and penalties for late or incomplete payments for gas, electricity, water, and heat supply were banned.  The deputy mayor also noted

Economics | Business  | 23.03.20

Ministry of Finance Defers Payments of Regions Debts

The Prime Minister of the Russian Federation, Mikhail Mishustin, instructed the Ministry of Finance to take measures to defer payments of the regions for debts, TASS reports.  Mishustin said that this measure is one of the “obvious” ones regarding the regulation of financial markets. According to him, it is also necessary to carefully work out