© Reuters. FILE PHOTO: Russian rubles are seen in front of US dollar banknotes displayed in this illustration on February 24, 2022. Photo: Dado Rovich/Reuters

(Reuters) – Russia will prepare a settlement mechanism before June payments that will allow it to service its dollar-denominated foreign debt, Russian Finance Minister Anton Siluanov said in a television interview broadcast on Friday.

Siluanov also said that Moscow expects an additional 1 trillion rubles ($15.27 billion) in oil and gas revenues this year, the money of which will flow into higher social benefits.

(1 dollar = 65.5000 rubles)

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