European business bet on Russia, despite the fact that Skripal Scaremongering

European Business Bets on Russia, Despite Skripal Case Scaremongering

While some Western governments continue to fan anti-Russian hysteria, the European business powerhouse continues to consider Russia as a good “investment”.

Sergei Strigo, head of emerging markets securities and currencies on Amundi asset management – the largest asset Manager in Europe – Bloomberg that he “sees no reason” for the current political tension, to influence his opinion about Russia as an object for investment.

“We continue to like Russia as an investment opportunity. Oil prices at these levels, macroeconomic indicators in Russia remain very strong,” he said.

Earlier Strigo also took part in a mass sale of Russian Eurobonds, which took place shortly after Prime Minister Theresa may has accused Russia of organizing the alleged chemical attack on the former Russian spy Sergei Skripal and his daughter, which took place in Salisbury on 4 March.

On 16 March the Ministry of Finance of the Russian Federation placed in the amount of $ 1.5 billion, from Russia-29 Eurobonds with 4.6 per cent per annum and in the amount of $ 2.5 billion Russia-47 Eurobonds with a 5.25% per annum.

The demand for bonds were significantly oversubscribed, and most of those buyers were Eurobonds investors from UK and USA.

Sourse: sputniknews.com

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