The oligarchs are ready to return the money to Russia in bonds

Big Russian businessmen to avoid U.S. sanctions made a proposal to return the money to the Motherland in special government bonds, according to «Kommersant» with reference to the personal sources of the Agency Reuters.

«There is information that many want to bring their money from abroad. The idea is that you open an account and purchase special bonds issued by the Ministry of Finance»,— quotes Agency the words of the Executive Director of a large state-owned companies, whose name was not disclosed.

The essence of the proposal consists in the acquisition of the business of the special bonds of Ministry of Finance denominated in foreign currency. The yields of these securities will be higher than Bank interest rates, they will be more liquid compared to Eurobond, said the Agency interlocutor.

 

The Ministry of Finance does not give any comment, however, a senior banker, whose name is also not specified, told the news Agency that «the idea is there, but there is no solution».

We will remind, in October, Washington has provided a list of 33 Russian companies, cooperation with which can threaten sanctions against contractors. Restrictions can be introduced at the end of January 2018.



The oligarchs are ready to return the money to Russia in bonds 05.12.2017

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