Russia says conditions are good for possible Eurobond issue

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Russia says conditions are good for possible Eurobond issue
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Russia is considering issuing a sovereign Eurobond as market conditions are curr...

FILE PHOTO: Russian Finance Minister Anton Siluanov attends a session of the Moscow Financial Forum in Moscow, Russia September 6, 2018. REUTERS/Sergei Karpukhin

In March, Russia raised $3 billion in a new dollar-denominated Eurobond and 750 million euros in a top-up issue of an existing euro-denominated Eurobond. Speaking to reporters on the sidelines of a G20 ministerial meeting in Japan, Storchak did not rule out Russia tapping the market for a second time this year, according to Russian news agencies.

Speaking about oil, Siluanov said it would not be fair for the Russian government to compensate oil companies for shortfalls that they might face because of the global deal to cut production that Russia and other major crude producers have signed.

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