Russia may cancel Eurobond plans

摘要

Finance Minister Anton Siluanov said on Friday that Russia may cancel its foreign borrowing plans for 2014 and reduce issuance of domestic debt if the country's borrowing costs rise, reports Reuters. Western sanctions imposed on Russia over its annexation of Ukraine's Crimea region could make borrowing more expensive and push up bond yields, he said. US President Barack Obama imposed sanctions on Russian President Vladimir Putin's close allies on Thursday and warned of more moves that would target major sectors of the Russian economy. "Any sanctions, whatever they are, have a negative impact on bilateral trade, the forecast and the actual economic growth," Siluanov told journalists.