Russian Central Bank consulting with Belarusian Finance Ministry on Russian holders receiving payments for Belarusian Eurobonds

MOSCOW. June 9 (Interfax) - The Central Bank of Russia (CBR) is consulting with the Belarusian Finance Ministry in order to ensure that bond holders, whose rights are recorded in Russian depositaries, receive payments on Belarusian Eurobonds, Central Bank Governor Elvira Nabiullina said in a statement.

"As regards Belarusian Eurobonds, the Bank of Russia is aware of the current situation. I would like to bring attention to the fact that Eurobonds of the Belarusian Republic are foreign securities, thus obligations under them are fulfilled in accordance with foreign law, meaning that we cannot directly regulate and control this," Nabiullina said at a press conference on Friday.

"We currently know that the Belarusian side is working on amending national legislation in order to develop a mechanism for transferring payments on Eurobonds of the Belarusian Republic to holders, whose rights are recorded in Russian depositories. On our part, we are consulting with the Belarusian Finance Ministry in order to ensure that the clients of the Russian depositories receive the relevant payments," Nabiullina stressed.