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Economic news

Russia’s national depository to replace Citi as Eurobond servicing agent

06/02/2022

Less than a minute

2022.06.02 11:11

Russia's national depository to replace Citi as Eurobond servicing agent
The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly

(Reuters) – Russia’s National Settlement Depository will service the country’s Eurobonds after Citibank stopped acting as a fiscal, transfer and payment agent, the finance ministry said on Thursday.

The finance ministry also said that a delay in payments on its Russia-2022 Eurobond that were due on April 4 was caused by “unlawful actions” of foreign financial intermediaries.

Source

06/02/2022

Less than a minute