The Executive Order makes it mandatory for Russian legal entities that carry Eurobond-related obligations to ensure the fulfilment of obligations to Eurobond holders, whose rights are recorded by Russian depositories by way of placing, before January 1, 2024, replacement domestic bonds that are paid for at the time of their placement in Eurobonds or in cash with these funds targeted specifically to purchase Eurobonds.
The Executive Order specifies the terms and volume of the bond issue and the fund-transferring procedure.