Russia mandates for euros in market-appeasing trade
![Alamy_Russia_euro_575x375_18May2021](https://assets.euromoneydigital.com/dims4/default/c605c4e/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F62%2F79%2Fa62e6cb32b9ae41c0d27d03808a7%2Falamy-russia-euro-575x375-18may2021.jpg)
Russia has mandated an exclusively Russian consortium of banks to arrange a euro bond issue. Market participants say the extra cash is not necessary but is Russia’s way of demonstrating its access to markets a month after its sovereign debt was slapped with further US sanctions.
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