Russia warns of possible payment delays for domestic Eurobond holders

Russia's National Settlement Depository (NSD) said that Russian holders of domestic corporate Eurobonds may see delays in receiving payments

Russia's National Settlement Depository (NSD) said on Wednesday that Russian holders of domestic corporate Eurobonds may see delays in receiving payments settled through international agents, as transactions get snarled up by sanctions.

"Delays are possible for payments cleared via international depositories. This could be linked to 'manual' processing of the orders linked to Russian companies as well as with a need to get clarifications from European regulators," NSD said in a statement to Reuters.

Russian sovereign and corporate Eurobond payments were previously processed by international clearing and settlement firms such as Clearstream and Euroclear, which process payments and confirm ownership of assets