Russian banks to use Eurobonds for repo operations with CBR

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MOSCOW, June 6 (RIA Novosti) - Russian banks will be able to use corporate Eurobonds to receive funds from the Central Bank in repurchase transactions in late June, the first deputy chairman of the Central Bank said Tuesday.

Alexei Ulyukayev said the move would give banks an additional source to increase their liquidity.

The first deputy chairman told journalists that the Central Bank's board of directors had made the relevant decision and it was yet to be registered by the Justice Ministry.

Ulyukayev said the Central Bank had yet to draw up a list of issuers of Eurobonds that could be used as a pledge in repo operations.

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