FILE PHOTO: A sign is on display outside Russia’s Finance Ministry building in Moscow, Russia March 30, 2021. REUTERS/Maxim Shemetov
March 17, 2022
(Reuters) – Russia’s finance ministry said on Thursday its order to pay $117 million in interest on two Eurobond coupons was fulfilled and that it will update the market separately on whether the payment was deposited into the account of payment agent Citibank.
Sanctions over events in Ukraine have cut off Russia from the global financial system and blocked the bulk of its gold and foreign exchange reserves. The payment on the two Eurobonds, due on Wednesday, is Moscow’s first test in honouring its external debt obligations since Western sanctions were imposed.
Citi’s branch in London did not immediately respond to a request for comment.
A European-based holder of the bonds told Reuters on Thursday that some holders of…
