WSJ: European banks have refused to place Russian government bonds

Major European banks such as BNP Paribas, Credit Suisse Group AG, Deutsche Bank AG, HSBC and UBS Group AG have refused to place Russian state bonds, WSJ cites informed sources.

It is reported that the banks took the decision, taking into account Brussels' recommendation. Recall that the European authorities didn’t impose a ban on the placement of government bonds of the Russian Federation, but Brussels expressed its concern that the proceeds may be used by Russian state-owned companies, which are included on the sanctions list.