Sanctioned Russian state shipowner Sovcomflot (SCF Group) will “shortly” resume coupon payments for its Irish bonds series.

The company has missed two instalments on two note tranches worth a combined $928m since the invasion of Ukraine because the payment agent refused to handle its money.

But Sovcomflot said it had held a meeting for investors on 2 August that thrashed out unspecified “packages” of decisions, including introducing alternative payment arrangements.