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 current status of the payment sent by the Russian Finance Minister?

What issues has Citigroup faced in the past regarding payments?

What is the significance of the April 2nd date mentioned in the context of Russian debt?

What are the potential consequences if the corresponding bank does not receive the funds?

How does the Russian government influence the ability of banks to transact with Russian banks?