Media: A number of large EU banks will not place Russian Eurobonds
A number of major European banks have decided not to participate in the placement of Russian Eurobonds in the amount of $3 billion, and Russia is finding it increasingly difficult to enter the foreign holdings market while being subject to sanctions, The Wall Street Journal reported.
In mid-March, the EU leadership, following the United States' example, advised European banks against attempting to purchase Russian government bonds. Formally, the placement of bonds is not in violation of the sanctions imposed on Russia, but the EU would prefer that European banks did not support the Russian economy in such a way.
Earlier, the Russian Ministry of Finance reported that the budget provided for the possibility of foreign loans of up to $3 billion. Consequently, Moscow announced the placement of bonds and offered them to the largest American, European and Asian banks.
According to The Wall Street Journal, such European banks as BNP Paribas, Credit Suisse, Deutsche Bank, HSBC and UBS have decided not to pursue the deal.
Earlier, media reported that US banks Goldman Sachs and J.P.Morgan will most likely also refrain from purchasing Russian Eurobonds.