We will never take from them

European banks urged European banks not to participate in the upcoming transaction for the placement of Russian Eurobonds. It is reported by Financial Times, referring to its own sources.

The publication notes that there is no direct ban on the purchase of sovereign bonds of Russia, however, EU officials believe that the funds received as a result of the placement of papers can be used "for other purposes", including to bypass sanctions.

Earlier, representatives of the Russian Ministry of Finance said that they managed to attract a sufficient number of banks in order to continue work on the organization of placement.

At the end of February, the US authorities called on large banks to refuse to buy the government bonds of Russia. As noted by The Wall Street Journal, in 2016, Russia for the first time since the introduction of sanctions will release international bonds worth at least $ 3 billion. Moscow invited European, Chinese and American banks, including Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase & Co. and Morgan Stanley.

Banks turned to the Ministry of Finance and the State Department with the question of whether they can participate in the purchase of bonds. However, Washington considered that such transactions would contradict sanctions policy.

"It is very important that private companies in the USA, the European Union and in the rest of the world understand that Russia will remain a high -risk market while it continues to continue destabilization in Ukraine," the State Department said. At the same time, representatives of the department warned of "reputation risks" when returning to the usual regime of business with Russia.

The fact that Russia's budget for 2016 provides for external loans in the amount of up to three billion dollars, previously stated by Deputy Minister of Finance Sergey Storchak. At the same time, he emphasized that in the conditions of sanctions, the Russian Ministry of Finance does not see the opportunity to enter the external borrowing market.