China News Agency, Moscow, May 25 (Zhang Yuchen Tian Bing) Russian State Duma (lower house of parliament) Chairman Volodin said on the 25th that the United States wants to create trouble for Russia by artificially prohibiting Russia from paying its foreign debts in dollars, but Russia Debt will be paid in rubles.
Volodin posted on social media on the 25th that, first of all, Russia has enough funds to repay its foreign debt.
Second, Russia will pay in rubles, since the United States prohibits Russia from paying its debts in dollars.
He said that the ruble has now strengthened significantly, "in this sense, our market situation is good".
Volodin said the U.S. was trying to push Russia into default on its debt by not extending Russia’s immunity to repay its foreign debt.
The Russian side made this decision precisely to meet this challenge.
He also said that Russia has experience in settlement in rubles.
TASS reported that the U.S. Treasury Department’s waiver to allow Russia to repay its foreign debt will expire on the 25th.
However, the U.S. Treasury Department announced on the 24th that the debt service waiver for the Russian government through the U.S. bank will not be extended.
Russia will no longer be able to repay its international debts through U.S. banks.
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