Tag «Putin»

Russian President Putin allows firms to pay foreign creditors in ruble

Putin allows firms to pay foreign creditors in ruble

Russia and Russian companies will be allowed to pay foreign creditors in rubles, according to a decree signed by President Vladimir Putin on Saturday, as a way to stave off defaults while capital controls remain in place. The decree establishes temporary rules for sovereign and corporate debtors to make payments to creditors from “countries that engage in hostile …