LONDON (Reuters) – The determinations committee said on Wednesday that a potential failure to pay had occurred on payments due on Russian sovereign bonds on April 4. The committee, which decides on the possible payout of credit default swaps on Russian sovereign debt, is made up of members from major banks and investment houses such as Bank of America, Citibank, JPMorgan Chase and PIMCO. (Reporting by Karin Strohecker, editing by Jorgelina do Rosario)