OREANDA-NEWS  Russian President Vladimir Putin signed a decree on the repatriation of foreign currency and the currency of the Russian Federation by residents participating in foreign economic activity, the corresponding document is published on the official Internet portal of legal information.

The decree was adopted in addition to the measures provided for by the decrees of the President of the Russian Federation "On the application of special economic measures in connection with the unfriendly actions of the United States of America and foreign States and international organizations that have joined them", "On additional temporary economic measures to ensure the financial stability of the Russian Federation" and "On the temporary procedure for fulfilling obligations to certain foreign creditors".

The decree also defines the mechanism for issuing "replacement" bonds by Russian companies. According to the document, obligations to the holders of Eurobonds are recognized as duly fulfilled if Russian legal entities that have obligations under Eurobonds place replacement bonds in favor of bondholders, the payment of which is carried out by Eurobonds, including in the case of transfer of all property and other rights under Eurobonds to Russian legal entities.

At the same time, the amount of income on bonds, the term of payment of income, the maturity date and their nominal value should be similar to the corresponding criteria of Eurobonds.

Obligations under Eurobonds are also recognized as fulfilled if Russian legal entities redeem Eurobonds at the expense of funds received during the placement of bonds.

Obligations to holders of Eurobonds whose rights are taken into account by Russian depositories can also be fulfilled through the transfer of replacement bonds to them or in cash — in accordance with the procedure determined by the Board of Directors of the Central Bank.