Russia wrapped sanctions in their favor

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www.vsyako.netPhoto: Natalia Seliverstova / RIA Novosti

Russia has managed to successfully place its public debt due to excitement on the part of foreign investors, fueled by the prospects of possible sanctions against Moscow, writes Bloomberg.

The publication quoted the head of the Department of state debt and state financial assets of the Ministry of Finance Konstantin Vyshkovsky. He notes that demand for Russian bonds from non-residents has allowed the Department to place half of its annual volume and now sell paper with its low interest rate relative to the market.

According to Vyshkovsky, the major Western investors (such as state pension Fund in California or the world’s largest investment company Blackrock) serve as a kind of defense of Moscow from the strengthening of sanctions.

“Our integration into the global financial system affect the likelihood that foreign governments will impose new sanctions against Russia,” — said the official.

For this reason, the newspaper notes that Russia may place already for the second year Eurobond (denominated in foreign currency), and it will not mean that the country needs foreign currency.

In this case, say economists, the Finance Ministry is taught by bitter experience of previous sanctions and may not be confident in a bright future in a situation of confrontation with the U.S., the largest economy in the world. So, last year, after the introduction of new restrictions on Russian government debt, denominated in rubles, it was withdrawn about 10 billion dollars.

Video, photo All from Russia.



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