Russian President Vladimir Putin signed a presidential directive on the 5th that temporarily allows foreign debt to be repaid in his own currency, the ruble, instead of foreign currency.
Creditors in "unfriendly countries" who impose sanctions on Russia will be considered to be in debt if they repay in rubles at the exchange rate set by the Central Bank of Russia.
The ruble has fallen sharply due to severe economic sanctions, which seems to be aimed at avoiding default.
On the other hand, since the 16th of this month, the market is becoming more cautious as the interest payments of Russian government bonds are due one after another, and the major rating agency "Moody's" has "defaulted" the rating of Russian long-term government bonds on the 6th. Announced that it has been reduced to "Ca", which indicates "a state close to or near".
"There was serious concern about Russia's willingness and ability to pay its debt," he said.