The Ministry of Finance reported payments of $117 million on Eurobonds; failure to fulfill these obligations would be regarded as a default
The Ministry of Finance reported that it paid coupon income in foreign currency on two issues of Eurobonds in the amount of $117.2 million. “Based on the results of crediting funds to the payment agent for Eurobonds (Citibank, NA, London Branch), the Russian Ministry of Finance will provide additional information,” the statement said. The evening of Wednesday, March 16, is the last day on which Russia had to pay coupons on these Eurobonds, notes Bloomberg .