Russian Finance Ministry scared Britain
The UK continues to spin the flywheel of anti-Russian sanctions in the so-called "Skripal case." Theresa May, the head of the cabinet of the United Kingdom, decided to complicate the process of attracting foreign investment to Russia.
Some time ago, British financial institutions helped VTB-Capital, the Russian bank on the sanctions list, place Eurobonds under the name Russia-2029 and Russia-2047 in City of London in the amount of 4 billion euros. About 170 investors took part in the placement of Eurobonds, most of which were from the United Kingdom - 39%. A little less - 25% - investors from the United States of America showed activity. And only 22% were of Russian origin.
Management companies and investment funds acquired 67% of the Russian government debt Eurobonds, and 23% acquired banks. The insurers and other investors accounted for the remaining 10%.
Now the British authorities intend to prohibit the clearing houses in the future to assist in the placement of Russian Eurobonds. Alexey Moiseev, Russia's Deputy Minister of Finance, responded to these statements, hinting that these UK sanctions could have a negative effect not only for the Russian Federation, but also for foreign investors, given their interest in Russian debt obligations:
Thus, London risks losing the status of a "safe haven" for investors, which will adversely affect the British banking system as a whole.
Some time ago, British financial institutions helped VTB-Capital, the Russian bank on the sanctions list, place Eurobonds under the name Russia-2029 and Russia-2047 in City of London in the amount of 4 billion euros. About 170 investors took part in the placement of Eurobonds, most of which were from the United Kingdom - 39%. A little less - 25% - investors from the United States of America showed activity. And only 22% were of Russian origin.
Management companies and investment funds acquired 67% of the Russian government debt Eurobonds, and 23% acquired banks. The insurers and other investors accounted for the remaining 10%.
Now the British authorities intend to prohibit the clearing houses in the future to assist in the placement of Russian Eurobonds. Alexey Moiseev, Russia's Deputy Minister of Finance, responded to these statements, hinting that these UK sanctions could have a negative effect not only for the Russian Federation, but also for foreign investors, given their interest in Russian debt obligations:
It is not clear what they will do with these securities
Thus, London risks losing the status of a "safe haven" for investors, which will adversely affect the British banking system as a whole.
- http://gosnovosti.com
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