On the 29th, the Russian Ministry of Finance announced a policy to buy back dollar-denominated government bonds that will be redeemed on the 4th of next month in the ruble of their own currency.
According to it, investors who have indicated their intention to buy back by the 30th of this month will be paid in rubles based on the official exchange rate of the Central Bank of Russia.
The redemption and interest payment of government bonds this time is more than 2.1 billion dollars, which is about 250 billion yen in Japanese yen, which is the largest amount of redemption and interest payment that Russia has to pay for the time being, so economic sanctions are close to half of foreign currency reserves. The market continues to be cautious as to whether it is possible to pay in dollars even when the market is frozen.
If you pay in a ruble whose value is plummeting, you may be found to be in default = default, but there are still uncertainties such as whether investors will respond.