Russia's National Depository to Replace Citi as Eurobond Servicing Agent

Sumber: Reuters | Editor: Anastasia Lilin Yuliantina

KONTAN.CO.ID - Russia is replacing Citibank, which has stopping servicing the country's Eurobonds, with its own National Settlement Depository. The finance ministry said on Thursday, as it risks its first major external debt default in over a century.

Sanctions imposed by Western countries and their allies on Russia after it started what it calls a "special military operation" in Ukraine on Feb. 24 have all but excluded the country from the global financial system.