Belarus ready to pay on Eurobonds

Belarus is ready to pay on all previously issued Eurobonds, said the Minister of Finance. According to Yuri Seliverstov, some delay at the moment is due to objective reasons. Due to the impossibility to spend money through English banks, as they may be simply blocked and not transferred to investors, Belarus and Russia are working out a common mechanism of money transfer. A decision has been made to work with authorized depositories of the neighboring country, rather than directly with individuals. There are more than ten such depositories.

Yuri Seliverstov, Minister of Finance of Belarus:

“Today we are adopting an agreement with the Russian Central National Settlement Depository, which our colleagues and partners suggested to choose as a single window so that all settlements would go through this one entity.”