It is noted that in the documentation of all Russian issues there is a Currency Indemnity condition on reimbursement in another currency, which theoretically provides an opportunity to make payments in rubles without grounds for declaring a default.

The material also states that this condition is independent of another condition - payments in alternative currencies contained in securities issued since 2018.

The condition allows the legal possibility of payment in rubles in the event that, for example, sanctions prevent payment in the original currency.

On May 24, the US Treasury announced a refusal to renew a license for investors to receive payments on the government debt of the Russian Federation.

The Russian Ministry of Finance announced that this would not interfere with the payment of the country's debt obligations.

Political scientist Alexander Markin, in an interview with the FBA "Economy Today" commented on the situation with Russia's public debt.