Russia’s Severstal on verge of default as Citi blocks interest payment - Financial Times

Steelmaker majority owned by Alexei Mordashov would be country’s first major company to default since Ukraine invasion

Severstal is on course to become the first major Russian company to default on its debt since the invasion of Ukraine, after Citigroup blocked an interest payment from the company that is majority ow… [+2936 chars]

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