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“As you know, these funds of the NWF are our reserve funds. Our government reserves now amount to $175 billion, while gold and currency reserves of the Central Bank total $515 billion. We provide these funds, $15 billion, from the government’s reserves on commercial terms — 5% of the coupon,” Putin explained. At Ukraine’s request these Ukrainian bonds will be offered on the Irish Stock Exchange with VTB Capital as a bookrunner proposed by Ukrainian side, Putin added.
“It was not our proposal,” he added. “We were ready to accept any ideas.