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In
2014, the EU banned its financial institutions from lending
money to Russian state-owned firms, including banks, as part of
sanctions for Moscow's annexation of the Ukraine's Crimea. There
was no ban on buying Russian government bonds.
Moscow has invited 25 Western banks and three domestic banks to
bid for organizing up to $3 billion in Eurobonds this year, in
what would be the first time Russia has tapped foreign debt
markets since 2013.
"EU restrictive measures concerning certain sectors of the
Russian economy do not prohibit the purchase, sale etc. of bonds
issued by the Russian government," the EU official said on
Tuesday.
"However, EU restrictive measures do aim at restricting the
access to capital from the EU for certain listed publicly owned
or controlled Russian institutions and prohibiting the provision
of certain financial services to them," the official said.
"Any bank would need to be mindful and exercise due diligence
that the listed entities are not accessing the capital market by
using third persons," the official said.
(Reporting By Jan Strupczewski; editing by Philip Blenkinsop)
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