Russia Claims Bond Coupon Payment Has Been Made

The transcript discusses the uncertainty surrounding payments from the Russian Finance Minister to Citigroup of London, which is responsible for paying creditors. There is no confirmation if Citigroup has received or will pay the money. The discussion includes past issues with Citigroup's back office, the default on Russian debt, and the grace period. Theoretical acceptance of funds by the corresponding bank is considered, with the need for government dispensation. The Finance Minister intends to pay in dollars, as the bonds lack the option to pay in rubles.

What is the main issue discussed regarding Citigroup's role in the financial transaction?

• Citigroup has no involvement in the transaction.

• Citigroup is unwilling to make payments.

• Citigroup's back office has a history of errors.

• Citigroup has confirmed the receipt of funds.

What event on March 2nd is significant in the context of Russia's financial situation?

• Russia's Finance Minister resigned.

• Russia made a large payment to creditors.

• Russia defaulted on its local debt.

• Russia received a loan from Citigroup.

What is the significance of April 4th in the financial timeline discussed?

• A new financial regulation is introduced.

• A major payment is due on Russian bonds.

• Citigroup is expected to confirm fund receipt.

• The grace period for debt payment ends.

Under what condition can the corresponding bank accept money from the Russian sovereign?

• If the bank receives special dispensation.

• If the funds are in local currency.

• If the transaction is anonymous.

• If the payment is delayed by 30 days.

What is the Russian Finance Minister's stated intention regarding the payment?

• To delay the payment indefinitely.

• To make the payment in dollars.

• To pay in local currency.

• To cancel the payment.