While JPMorgan sought regulatory approval, the US Treasury Department also worked to clarify its own stance on the payments. The agency said on Wednesday that restrictions on transactions with the Russian central bank and other Russian institutions will not prevent that country from making payments on its dollar debt. However, that exclusion will expire: Until May 25, American individuals may only receive interest, dividend or maturity payments on debt or equity from the Russian Central Bank, the National Wealth Fund and the Treasury Department.
This post Within Russia’s 96-hour cliffhanger to bypass the bond default
was original published at “https://www.bloombergquint.com/business/inside-russia-s-96-hour-cliffhanger-to-sidestep-bond-default”