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IFRS and accounting advice, service and support in Moscow

The EU has denied the information about ban to European banks to buy bonds of the Russian Federation

EU Ambassador to Russia Vygaudas Usackas said that the EU advises to exercise caution when performing operations with sovereign bonds of Russia, but denied reports the Financial Times that Brussels called on European banks to refrain from participating in the offering of such securities.

“A decision on restrictive measures of the EU (against Russia) was adopted by the European Council unanimously. Some of these measures relating to certain sectors of the economy, not ban the purchase, sale and other actions with the bonds issued by the government of Russia”, — reads the statement of the EU Ambassador, arrived at the disposal of RIA “news”.

Earlier, as reported by the Banker.Ru news Agency quoted publication the Financial Times that EU authorities encouraged European banks to refrain from participation in the government bonds of the Russian Federation. “If this recommendation will convince European banks to abandon the bonds of the Russian Federation, Russia may be forced to abandon its first attempt to enter the capital markets after the reunification of the Crimea with Russia in 2014,” said the Financial Times.

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