Economics
Putin Offers Bonds for Russia's Richest Spooked by Sanctions
- Finance minister says debt will be part of planned borrowing
- Business group had asked for instruments amid sanctions fears
Vladimir Putin
Photographer: Alexander Nemenov/AFP via Getty Images
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President Vladimir Putin said Russia is planning to issue foreign-currency bonds next year to help wealthy local investors repatriate capital as concerns over Western sanctions grow.
“At our last meeting, you asked for convenient mechanisms to bring capital back into Russian jurisdiction and suggested using Russian foreign-currency bonds,” Putin said on Thursday at a Kremlin meeting with top businessmen including several under sanctions. “I’ve given the order to set the necessary terms and parameters to issue such bonds for Russian investors so they can circulate next year.”