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Russia to Pay $2 Billion Bond in Dollars to Foreign Investors

  • Finance Ministry offers to repay local investors in rubles
  • The country has so far avoided default, despite payment delays
Police officers block access to Red Square in central Moscow on March 2.

Police officers block access to Red Square in central Moscow on March 2.

Photographer: Kirill Kudryavtsev/AFP/Getty Images

Russia plans to use dollars to repay foreign investors in a $2 billion bond maturing next week, according to a person familiar with the matter.  

The Finance Ministry launched a buyback on Tuesday in rubles, aimed at ensuring local investors get paid. Foreign investors will receive dollars as planned, said the person who asked not to be identified because they aren’t authorized to speak publicly.