ICYMI - via Reuters comes the info that:
- Coupon payments on Russian sovereign bonds due this week were received by correspondent bank JPMorgan
- payment received was a U.S. dollar payment,
- were then processed and the bank then made an onwards credit to the paying agent Citi
Reuters cite "a source familiar with the situation".
A coupon payment made in US dollars means no default registered. It remains to be seen how future payments will fare of course.
