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Russian Federation Sovcomflot Tankers and Gas

Sovcomflot pledges ‘alternative payment’ route to meet bond obligations

Russian tanker group has been unable to pay the last two installments on its Irish Eurobonds series because its agent refused to handle payments in the wake of sanctions

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Having missed two issues of notes outstanding, amounting to $928m, sanctioned Russian state-owned tanker giant Sovcomflot has found an alternative payment route to meet its obligations

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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