Home / Business / WSJ learned about the failure of large EU banks from engaging in the placement of Russian bonds

WSJ learned about the failure of large EU banks from engaging in the placement of Russian bonds

WSJ узнала об отказе крупных банков ЕС от участия в размещении российских бондов

A number of European banks refused to participate in the procedure of placing of the Russian Eurobonds, not wanting to displease the U.S. authorities and the EU. According to The Wall Street Journal.

According to the publication, the program decided not to participate such major banks in Europe, BNP Paribas, Credit Suisse, Deutsche Bank, HSBC and UBS.

In turn, from participation in transactions with Russian Eurobonds refrain and the largest American banks Bank Of America, Citigroup, Goldman Sachs, J. P. Morgan Chase, Morgan Stanley and Wells Fargo.

Some European credit institutions, according to sources, does not exclude that will participate in the program, including the Italian UniCredit and French Societe Generale.

It is expected that among the main organizers of the offering will be Russian and Chinese banks.

On 15 March, The Financial Times wrote that the European Union has urged banks to refrain from placement of Russian bonds. Despite the fact that the restrictive measures imposed by the EU, is not directly prohibit the purchase of Russian securities, in Brussels believe that the funds can be used for other purposes.

February 25, the U.S. government recommended that a major U.S. investment banks not to engage in transactions with Russian bonds. The state Department stated that “private companies in the U.S., the EU and the world should understand that Russia will remain a market with a high degree of risk” to stabilize the situation in Ukraine.

After the annexation of Crimea to Russia, and also against the backdrop of worsening conflict in Eastern Ukraine, the United States, followed by several other countries, including member States of the EU have imposed against Russia a few packages of sanctions. Limitation was related to individual physical and legal persons and entire sectors of the Russian economy.

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