As announced by the deputy head of Russia 's largest bank Sberbank Bella Zlatkis, Sberbank is ready to acquire substantial part of Russia 's Eurobond issue in 2010. Currently, Sberbank holds about USD 2bn-USD 3bn of previous Eurobond issues. Russia is planning to issue up to USD 18bn worth of Eurobonds in 2010, the size of issue depending on the level of oil prices. Until the end of this year a lead-manager of the placement is to be chosen by FinMin. Overall for 2010-2012 government plans to borrow USD 60bn on foreign markets. |
As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more
Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more
Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more