Business

Despite new U.S. sanctions, Russia plans to tap global debt market in 2021

By Adnan Nasir

Russian Finance Minister on Friday was confident that Russia will tap the global debt market despite the new U.S. sanctions, they are considering Euro-denominated Eurobond.

Anton Siluanov said that nonresidents among the holder of OFZ treasury bonds slid below 20% and it may decline further but the minister has assured on states’ TV that this does not create substantial risk for Russia’s borrowing.

As of Thursday, the U.S. had imposed new sanctions on Russia that prohibits U.S. financial institution from participating in the primary market of Russia’s government debt, OFZ treasury bonds, from June 14.

Tags: debt market global Russia sanctions U.S.

Adnan Nasir

Adnan Nasir is pursuing post-graduation in Finance. A media enthusiast with interest in social policy and development. Adnan is currently working as Business and Current Affairs reporter at USAnewshour.com and can be reached at adnannasir39@gmail.com