Russia is back in default countdown, with another bond payment in question and the Kremlin fighting to find an escape route. As of Friday evening, coupon payments in euros and dollars worth about $100 million hadn’t landed in investors’ accounts, kicking off a 30-day grace period. But late in the day, the main central securities depository in Moscow issued a statement that its account was debited in favor of depositor’s accounts for the funds. Russia’s government last week said payments to the NSD mean it’s made good on its obligations. All of that capped dramatic week for Russia, which included an unscheduled interest-rate cut designed to stave off a currency that’s too strong, and tougher US restrictions that have compromised its ability to service dollar debt. The ruble was down […]