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

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. 

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