A number of the largest banks in the EU refused to participate in placing of the Russian Eurobonds for $ 3 billion – attempts of Russia to enter the foreign market borrowings in conditions of sanctions. This writes the American The Wall Street Journal.
Earlier to refuse participation in the Russian project recommended that the U.S. government, and then and the European Commission. The WSJ reports that the largest banks followed this advice, not to cause discontent of the authorities. U.S. sanctions and the EU act against individuals and Russian companies, but does not affect the state, so the formal placement of Eurobonds is not prohibited.
According to the WSJ, does not intend to participate in a transaction such banks as BNP Paribas, Credit Suisse, Deutsche Bank, HSBC and UBS.
As recalled by TASS, in early March, the WSJ wrote that the U.S. banks Goldman Sachs and J. P. Morgan will also, most likely, will not place Eurobonds of the Russian Federation.
Recall that the last issue of Eurobonds of Ministry of Finance on the $ 7 billion posted in September 2013, had “VTB Capital”, Deutsche Bank, Barclays, Royal Bank of Scotland, “Gazprombank” and “Renaissance Capital”.
In early February, the Russian Finance Ministry announced the intention to host in 2016 Eurobonds on the whole are recorded in the budget amount to 3 billion dollars in one tranche. In requests for placement of Eurobonds in 2016 were sent to 28 foreign banks, among them Barclays, BNP Paribas, Bank of America Merrill Lynch, Bank of China, Wells Fargo, Goldman Sachs, J. P. Morgan, Deutsche Bank, Credit Suisse, Morgan Stanley, Societe Generale, as well as the Russian “VTB Capital”, Gazprombank and Sberbank CIB.
“Mailing list” of the Ministry of Finance was quite wide, in addition to the traditional participants of the Russian sovereign loans, there are both banks, it is still not too active in the Russian Federation. Earlier, representatives of the Russian Finance Ministry said that they were able to attract a sufficient number of banks to continue work on the organization of accommodation.
The US and EU imposed sanctions against Russia in connection with aggression in Eastern Ukraine and annexation of Crimea, which decided the annexation of the Peninsula. Limits revised from time to time, in the end, the bills got a number of Russian banks and companies, as well as civil servants was prohibited “export of American goods, technologies and services to Crimea”.