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Russia mandates for euros in market-appeasing trade

Alamy_Russia_euro_575x375_18May2021
By Mariam Meskin
18 May 2021

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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By Mariam Meskin
18 May 2021