The British government may prohibit the clearing of local companies to serve the Russian Eurobonds

Prime Minister Theresa may is considering a ban on the service of the Russian Eurobonds for the London clearing-houses. This writes the newspaper The Guardian.

According to the newspaper, last month, the clearing house city of London, in collaboration with a major Russian Bank, which is under sanctions, helped to launch Eurobonds worth $4 billion in support of the Russian sovereign debt. Almost half of the Eurobonds sold in the London markets.

The publication notes that a loophole in the law in the UK and the European Union has allowed sanctioned Russian banks, primarily VTB, to act as the main organizers of issue of Eurobonds of the Russian debt.

The Chairman of the foreign Affairs Committee of the British Parliament Tom Tugendhat last week was called three times to close the gap in the legislation.

According to Tugendhat, at the moment Russia is, in spite of sanctions, to borrow on the capital markets of the EU and the USA, and thus maintain the associated banks with the Kremlin.

The Minister of foreign Affairs of the United Kingdom Boris Johnson called the idea of the Tugendhat interesting.

March 27, speaking speaking to the liaison Committee of MPs, may said that she would later present options for new policy.

Relations between London and Moscow deteriorated sharply after the March 4 poisoning of former Russian spy Sergei Skripal in English Salisbury.

Despite this, and the sanctions imposed for the annexation of Crimea and encroachment on the sovereignty of Ukraine, 14 March, the Russian «Gazprom» on March 14, placed eight-year Eurobonds for €750 million at a rate of 2.5% per annum. The organizers of the deal were «Gazprombank», «VTB Capital», Deutsche Bank, JP Morgan and «the Renaissance the Capital».




The British government may prohibit the clearing of local companies to serve the Russian Eurobonds 29.03.2018

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Март 29th, 2018 by
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