Russia to find instrument to fulfill obligations to all Eurobond holders - Siluanov

OREKHOVO-ZUYEVO. May 26 (Interfax) - Russia is preparing a mechanism to settle accounts with holders of sovereign Eurobonds even without the license from the United States Treasury Department's Office of Foreign Assets Control (OFAC) that had allowed servicing Russia's dollar-denominated debt obligations, Finance Minister Anton Siluanov told reporters on Thursday.

The license expired on May 25, and the OFAC did not renew it.

"We will offer a mechanism so that all holders of our debt can receive their interest and their principal [debt]," Siluanov said.

"We have fulfilled [our obligations on foreign-currency sovereign debt], and we are seeking options - we are already preparing the options - in order to fulfill our obligations on external debt," the minister said.

"We are trying to pay off our obligations, and we will find the means," Siluanov said confidently without specifying the means that the Finance Ministry is preparing.