15 Jul 2022 16:25

Belarusian Finance Ministry considers Moody's announcement on country defaulting on 2027 Eurobonds to be incitement

MOSCOW. July 15 (Interfax) - Moody's announcement regarding Belarus having defaulted on the country's 2027 Eurobonds is an incitement, Belarus's Finance Ministry said in a statement published on its website.

"On July 14, 2022, Moody's rating agency announced that the Republic of Belarus had defaulted on the 2027 Belarus Eurobonds. We consider Moody's actions to be inciting and aimed at falsely creating shocks and unrest regarding the Eurobonds of the Republic of Belarus," the Finance Ministry said in the statement.

Belarus has been going all out to render settlements with Eurobond holders on an alternative basis, the Finance Ministry said.

"On its part, Belarus is making and will make every effort, and will take all measures to implement the rights of Eurobond holders, who trust the Republic of Belarus, on an alternative basis," according to the statement.