22:27 GMT07 May 2021
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    Russian Central Bank Governor stated that there is a "good chance" that Russia will successfully issue its first sovereign Eurobonds since anti-Russia sanctions were imposed by the West two years ago.

    MOSCOW (Sputnik) There is a "good chance" that Russia will successfully issue its first sovereign Eurobonds since anti-Russia sanctions were imposed by the West two years ago, Russian Central Bank Governor Elvira Nabiullina said Thursday.

    "It is better to contact the Ministry of Finance, which is involved in issuing [the bonds]. I think there is quite a good chance," Nabiullina told reporters.

    In late January, Russian Deputy Finance Minister Sergei Storchak said Russia was likely to issue Eurobonds in 2016 to finance its government debt. The Finance Ministry is authorized under Russia’s budget for 2016 to borrow $3 billion in international markets.

    US and European media outlets have reported in recent weeks that both Washington and Brussels urged their respective banks against underwriting or purchasing Russian bonds.

    Nabiullina asserted last week that Russia would tap into markets other than those of the United States and Europe in light of the state-imposed Western restrictions.

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    Tags:
    bond market, Russian Central Bank, Elvira Nabiullina, Russia
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