The Finance Ministry is not expecting a rapid exit of investors from securities of the Russian Federation with the tightening of U.S. sanctions
The Ministry of Finance of Russia expects a quick exit of foreign investors from the Russian securities in the case of the spread of U.S. sanctions on state debt of the Russian Federation, said the head of the Ministry Anton Siluanov. Putin: Russia has overcome seemingly insurmountable problems in the economy
“Now we have no such hedge Fund that would earn come and gone in Russia invested mainly institutional investors such as pension funds, large institutional investors, so we think that a quick exit if suddenly such sanctions will be imposed, or even exit altogether from Russian financial instruments will not be”, – he told in interview to TV channel “Russia 24”.
The President of the United States Donald trump in August signed a law expanding the number of sectoral sanctions against the Russian economy. The document, in particular, suggests that within six months (180 days) after its adoption, the US Congress will meet to discuss the possible expansion of restrictive measures on Russian debt.
The Finance Minister also noted that the Agency will not hurry with issue of Eurobonds in 2018 and hopes that talks on the distribution of sanctions on the national debt of the Russian Federation and will remain talk.
Last week Siluanov said that the Ministry of Finance of the Russian Federation when placing of Eurobonds in 2018 will give priority to Russian investors, but not sell them the whole issue. The volume of foreign loans in 2018 could exceed the planned $ 3 billion in case of increased demand from the Russian investors.
“We have no plans to issue these bonds in January, to run, to rush this release. I think it’s to prevent nervousness in the market is absolutely not correct,” said the Minister in an interview with the Russia 24 TV channel, commenting on the issuance of Eurobonds.
“We used to release our records in the spring of the year, which provides for their release. In spring and autumn. It all depends on the market demand for our securities, and it all depends on the so-called window of opportunity,” he added.
Speaking about the risks of the spread of sanctions on Russia’s state debt, Siluanov said: “Those possible sanctions, restrictions will impose certain risks, concerns for investors. But I hope that common sense must prevail, and this kind of sanctions to issue sovereign bonds – after all, I think these conversations ultimately may remain just talk.”