Mar 17th, 2022
JPMorgan Processes Russian Bond Payments
JPMorgan Chase & Co. has processed funds that were earmarked for interest payments due on dollar bonds issued by the Russian government and sent the money on to Citigroup Inc., according to people familiar with the matter. It's a complicated process due to sanctions imposed on Russia. Padhraic Garvey, ING head of global debt and rates strategy, speaks about it all on "Bloomberg Markets."
