Russian Foreign Ministry to work with foreign banks on future debt issues

Russia will work with foreign banks on future debt issues after it "successfully" placed $1.25 billion worth of Eurobond top-up, the Russian Deputy Finance Minister Sergei Storchak said.

Storchak said Russia was seen as low risk for investors despite tough geopolitical situation, Reuters reports.

Foreign investors put $1.25 billion into the Russian sovereign Eurobond top-up on Thursday in a deal more than six times oversubscribed, showing Moscow can readily tap global markets in spite of Western sanctions.