Tue, 21-Oct-2025

Rosbank disregards effect of Clearstream block on journalist account

Rosbank

Clearstream Banking’s cash correspondent bank Rosbank is no longer available to receive income. Proceeds that may result from securities issued outside of Russia and denominated in roubles. UK sanctions on Rosbank’s majority owner Vladimir Potanin forced European clearing house Clearstream into the decision. Rosbank (ROSB.MM), a Russian moneylender accepts a choice by European clearing house … Read more

As the payment deadline approaches, Russia moves closer to default

Russia

Russia has struggled to keep up payments on $40 billion of outstanding bonds. U.S. Treasury Department blocked Moscow from making payments in late May. Russia was due to pay $100 million in interest on two bonds, one denominated in US dollars and another in euros. Russia’s bonds have an increasing level of ambiguities. Russia edged … Read more