OREANDA-NEWS Russian Finance Minister Anton Siluanov told reporters that the termination of payments on Eurobonds in foreign currency will not lead to a default, RIA Novosti reports.

According to him, the absence of payments from the Russian Federation could be considered a default, but this is not observed, since the payment "will be made", but "investors will not be able to receive it."

“Two reasons. First, foreign infrastructure (correspondent banks, settlement and clearing systems, depositories) is prohibited from conducting any operations related to Russia. The second is that foreign investors are expressly prohibited from receiving payments from us,” Siluanov explained.

The head of the Ministry of Finance called the current circumstances "force majeure." For this reason, he added, Russia resorts to the ruble scheme and Russian infrastructure due to the availability of this method of realizing debt payments.

Earlier, Anton Siluanov said that the projected Russian budget is quite complicated. 

“It is important that now we really have a very difficult budget, and we need to meet the parameters of the planned budget that we are now considering in the government,” Siluanov said.

According to him, for the correct distribution of funds, it is necessary to work together with the regions of Russia. In addition, there are enough opportunities to attract private money along with public ones.