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Vladimir Putin signed Executive Order On Additional Measures for Meeting Debt Obligations of the Russian Federation in the Form of Government Securities with Nominal Value Denominated in Foreign Currency to Residents and Foreign Creditors.
The Executive Order establishes that Russian government securities with nominal value denominated in foreign currency will be replaced on the basis of decisions by the holders of Russian sovereign Eurobonds, while taking into account a number of requirements listed in the Executive Order.
Relevant instructions were given to the Ministry of Finance of the Russian Federation and the Board of Directors of the Central Bank of the Russian Federation.
August 8, 2024