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

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


© Reuters. 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.

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