OREANDA-NEWS Russia is not going to default on its public debt, since it will be able to pay off in rubles if Western structures are closed from transactions in foreign currency, said Russian Finance Minister Anton Siluanov. According to him, quoted by TASS, "the Russian economy will not be closed and isolated" and will continue to pursue an independent policy.

Russia is not going to default on the debt, it will be able to pay in rubles if Western structures are closed, Siluanov said

At the same time, he noted that the state of shock from the imposed Western sanctions against Russia is over. According to him, balance in the Russian financial and budgetary policy will make it possible to withstand any restrictions that the country will have to face.

Earlier it became known that the United States is ready to completely deprive Russia of the ability to make payments on bonds after May 25. The United States Department of the Treasury is going to cancel the so-called general license to service part of the sovereign debt of the Russian Federation.

The US authorities are ready to completely deprive Russia of the ability to make payments on bonds after May 25, Bloomberg reports, citing sources. According to analysts, this will bring Moscow closer to default.