| Issue |
SHS Web Conf.
Volume 61, 2019
Innovative Economic Symposium 2018 - Milestones and Trends of World Economy (IES2018)
|
|
|---|---|---|
| Article Number | 01036 | |
| Number of page(s) | 7 | |
| Section | Strategic Partnerships in International Trade | |
| DOI | https://doi.org/10.1051/shsconf/20196101036 | |
| Published online | 30 January 2019 | |
Impact of foreign economic sanctions on the Russian market of bonds denominated in foreign currencies
Saratov Socio-Economic Institute of Plekhanov Russian University of Economics, Saratov, Russia
* Corresponding author: alla.yackunina@yandex.ru
The market of Russian bonds denominated in foreign currencies was considered as the primary target for the initial package of the USA and EU economic sanctions in 2014. The analyses showed that, by the end of 2017, there was a significant reduction in the number of outstanding bond issues denominated in foreign currencies and a sharp increase in the bonds nominal volume evaluated in Russian rubles. The sanctions did not lead to a significant change in the structure of the market either from the standpoint of the number of bond issues denominated in foreign currencies or in terms of their nominal value. However, the number of foreign currencies in which bond issues were denominated was reduced from 11 to 6.
Key words: Russian bond market / Bonds denominated in foreign currencies / sanctions / Bond market structure
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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