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BNP Paribas unlikely to participate in selection of Russian eurobonds issue organizers

The Wall Street Journal reported with reference to informed sources that the US government had recommended large US banks to refrain from buying Russian government bonds

MOSCOW, March 3. /TASS/. The European investment bank BNP Paribas is unlikely to participate in selection of co-organizers of the Russian sovereign eurobonds issue, a source in the banking sector told TASS on Thursday.

"It’s very likely BNP Paribas will reject the Russian Finance Ministry’s proposal, due in no small part to the fact the United States filed multi-million lawsuits against investment banks, whcih have operations in sanctioned countries," the source said.

Earlier the Wall Street Journal reported with reference to informed sources that the US government had recommended large US banks to refrain from buying Russian government bonds.

The Finance Ministry submitted invitations to Russia’s VTB Capital, Gazprombank, Sberbank CIB as well as Barclays, BNP Paribas, Bank of America, Bank of China, Wells Fargo, Goldman Sachs, J. P. Morgan, Deutsche Bank, Industrial and Commercial Bank of China, Credit Agricole, Credit Suisse, Landesbank Baden-Wuerttemberg, Morgan Stanley, Nomura, Citigroup, Societe Generale, TD Securities, HSBC, RBC Capital Markets, UBS.

A number of banks, among them Citigroup, Morgan Stanley, Bank of America and Wells Fargo initially decided not to participate in Russia’s eurobond issue, the newspaper wrote.