Kremlin Slams Reported UK Plans to Ban Russian Eurobond Sales as 'Damaging'

TEHRAN (defapress)- The possible ban on sales of Russian Eurobonds on the London stock market will damage UK reputation among investors, Kremlin Spokesman Dmitry Peskov said Thursday.

News ID: 69447

Date: 29 March 2018 - 16:48

"Of course, this is a very important issue which is related to the reputation of countries as stable economic partners," Peskov said, Sputnik reported.

The statement followed a report by The Guardian, saying that UK Prime Minister Theresa May plans to consider the proposal to prohibit the sale of Russian bonds through the City of London's clearing houses, which help finance Russia's sovereign debt.

The move was earlier initiated by Foreign Affairs Select Committee Chairman Tom Tugendhat, who pointed the finger at several sanctioned Russian banks, including VTB, which he claimed are behind the issue of Russian bonds due to UK and EU legislation.

"At present, Russia can borrow in EU and US capital markets despite western sanctions and then can support the sanctioned Kremlin-linked banks and energy companies that can no longer do so," he said.

Moscow vehemently rejects London's accusations of Russia's alleged involvement in the poisoning of former Russian intelligence officer Sergei Skripal and his daughter Yulia in Britain's Salisbury on March 4.