14:01 GMT +319 October 2019
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    Finance Minister Anton Siluanov

    Russia to Issue Special Eurobonds to Boost Capital Return - Finance Minister

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    MOSCOW (Sputnik) - The Russian Finance ministry will issue special foreign currency government bonds to facilitate the return of capital to the Russian jurisdiction in the form of Eurobonds without increasing the planned volume of external borrowings, Finance Minister Anton Siluanov said Thursday.

    "In line with the orders by the President [Vladimir Putin], the Finance Ministry will work out the parameters for the issue of Eurobonds, which Russian investors, who would want to return the capital under the Russian jurisdiction, will be able to purchase," Siluanov told reporters in Moscow.

    "We will create such an opportunity for them within the existing program of state external borrowings, but without increasing its volume," Siluanov added.

    Earlier on Thursday Russian President Putin said during a meeting with representatives of business circles that he ordered the Finance Ministry to ensure the issue of special foreign currency government bonds next year to bolster the return of capital to Russia.

    Russia's law on budget for 2018-2020 provides for a placement of Eurobonds in the amount of $7 billion annually. At the same time, the government's right to place Eurobonds is stipulated for swapping old issues in the amount of up to $4 billion annually.

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    Tags:
    Eurobonds, Russian Finance Ministry, Andrei Siluanov, Russia
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