Embroiled in a recession, Russia is looking abroad to raise revenue. The Kremlin has asked dozens of international banks and investment partners to consider issuing a bond on its behalf.
If the plan moves forward, it will represent the country’s first effort to leverage foreign capital in this manner since Russia was slapped with Western sanctions in 2014 following the war in Ukraine. Russia last issued a so-called Eurobond in 2013 valued at $7 billion. …read more
Source: International Business Times
