Pop the Kremlin announced plans for the UK to ban the sale of Russian Eurobonds as ‘harm’

Kremlin Slams Reported UK Plans to Ban Russian Eurobond Sales as 'Damaging'

The Minister of foreign Affairs select Committee Chairman Tom Tugendhat claims that many Russian banks, which currently suffer from sanctions to use loopholes in EU legislation and the UK in order to act as the organizers of the issue of Russian bonds.

Possible ban on the sale of Russian Eurobonds on the London stock exchange can ruin the reputation of the UK among investors, the press Secretary of the Kremlin Dmitry Peskov said on Thursday.

“Of course, this is a very important question that is relevant to the country’s reputation as a stable economic partner.”

“The United Kingdom, and now an unpredictable country in relations with Russia in connection with the demonstration of sanity,” – said Peskov reporters.

When asked if Russia is going to respond to proposals of the UK circulating in the media, to limit investors ‘ access to Russian sovereign debt through the international clearing system, Peskov noted that “it is difficult for us to assume that other variants can be considered [London against the Russian sovereign debt obligations] that they could be based on and that can serve as a disguise for them.”

The statement followed the report of the guardian, saying that the Prime Minister of the UK Theresa may plans to consider a proposal to impose a ban on the sale of Russian bonds for the city clearing houses of London, to help Finance the sovereign debt of Russia.

The movement was previously initiated by the foreign Affairs select Committee Chairman Tom Tugendhat, who pointed the finger at several sanctioned Russian banks, including VTB, in which he claimed that the issue of Russian bonds through the UK and EU.

“Currently, Russia may take EU and US capital markets despite Western sanctions, and then can support the sanctions of the Kremlin-linked to banks and energy companies that can’t do that,” he said.

Calling for the loopholes to be scrapped, Tugendhat also warned that the sale of Russian bonds should not be placed in the major Western clearing houses euroclear and clearstream, and this was supported by Minister of foreign Affairs of great Britain, Boris Johnson.

Critics have questioned the possible restriction, suggesting that Moscow may call on China to help him cope with reported that Russia 122 billion of domestic debt, the dollar, plus $ 38 billion in Eurobonds.

Earlier, Sergei Strigo, head of emerging markets securities and currencies on Amundi asset Management, Bloomberg said they “continue to love Russia as an investment opportunity” and that he “sees no reason” for the current political tension to change its attitude towards Russia as an object for investment.

The comments came after Theresa may commented on the expulsion of Russian diplomats from around 20 countries of Europe and also the USA and Canada after the incident, Salisbury.

Might have added that in connection with the expulsion of the British home office is considering the first level (the entrepreneur) visa, which was issued about 700 Russians in 2008-2015.

Moscow categorically denies the accusations of London about the alleged Russian involvement in the poisoning of former Russian intelligence officer Sergei Skripal and his daughter Julia in UK Salisbury on 4 March.

Sourse: sputniknews.com

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