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US recommendation not to buy Russian Eurobonds won’t complicate their placement — Kremlin

February 25, 15:00 UTC+3 MOSCOW
Earlier on Thursday, the Wall Street Journal reported, citing informed sources, that the US government recommended large US banks to refrain from buying Russian government bonds
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© AP Photo/Mark Lennihan

MOSCOW, February 25. /TASS/. The US authorities’ recommendation to national banks not to buy Russian Eurobonds won’t seriously complicate Russia’s entry to foreign loan market, presidential aide Andrey Belousov told reporters.

"I do not think it will [complicate it much]," - he said.

Belousov said it is also unlikely that it will make the placement of Eurobond more expensive, and expressed regret with the recommendations of Washington.

Earlier on Thursday, the Wall Street Journal reported, citing informed sources, that the US government recommended large US banks to refrain from buying Russian government bonds.

According to the publication, the US banks received this recommendation from the State Department and the US Treasury, in response to Russia’s inquiry about possible participation of the banks in the placement of Russian securities. In particular, the authorities indicated that similar operations would contradict the sanctions policy toward Moscow.

Russia invited such banks as Bank of America, Citigroup, Goldman Sachs, J.P. Morgan and Morgan Stanley to participate in the placement of its bonds, the sources told the Wall Street Journal.

Earlier Deputy Finance Minister Sergey Storchak said that Russia’s budget for 2016 provides for the possibility of borrowing on foreign market up to $3 billion.

However, he stressed that amid the sanctions the Finance Ministry sees no opportunities to enter foreign loan market.

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