Possible Washington's ban on the purchase of Russian debt.

will not lead to the collapse of the government bond market. It will be supported by internal.

investors, and foreign players will be able to circumvent the ban by using offshore.

Therefore, the Russian economy and the stability of the national currency are nothing.

threatens. "We rely on domestic investors and commercial.

banks of the Russian Federation, so we proceed from the great potential of our investors. The fact that.

occurs overseas, this is an internal American problematic, we will survive, ".

- said in an interview with the newspaper. ru "Deputy Minister of Finance of the Russian Federation Sergey.

Storchak. Decision on the imposition of new sanctions against the Russian government by the US.

must be accepted before February 2. Restriction on the investment of non-residents in Russian.

paper will be the most stringent option. Opinions of experts on possible consequences.

This scenario is partly at odds with the position of the RF Ministry of Finance. The nominal volume of federal loan bonds,.

According to the data of the Central Bank, as of December 1 of the last year.

2.183 trillion rubles. This is about a third of the total amount of OFZ (about 7 trillion.

rubles). According to the chief economist of Alfa-Bank, Natalia Orlova,.

If non-residents simultaneously withdraw these investments, this will lead to an increase in the rate.

dollar for 5 rubles. Now it costs 56.18 rubles. Foreign investors began to gradually withdraw their.

investments from Russian government securities back in November 2017. , when actively discussed.

restrictions on the purchase of public debt for foreigners. Last autumn month.

such investments decreased by 1 billion rubles, and their share decreased from 32.7% to.

32.1%. However, analysts consider the hardest option.

improbable. Most likely, the US authorities will impose restrictions on investments.

international investors in new issues of OFZ, without a complete ban on such.

purchases. Then no one will sell the papers on hand. In such.

case, the dollar may rise by 1-2 rubles. Two years ago, investors bought 10-year and 15-year.

paper for a yield of more than 10% per annum. "Refuse from it investors.

will not, "- assured the chief analyst of Tele Trade Peter Pushkarev. In addition, new.

issues, according to the expert, Americans will be able to buy through Asian funds.

or companies registered in offshore. Their US Treasury will not be able to check or.

impose sanctions on them. Already, half of the buyers are residents of Cyprus,.

Malta and Guernsey, although in fact they can be US citizens. About the offshore loophole was mentioned by the chairman of the financial committee.

State Duma Anatoly Aksakov. Now, Russian OFZs are actively buying up Chinese and.

Arab funds, and they are not afraid of American sanctions, the deputy recalled.. While it is unclear who will be affected by the new.

sanctions - only on Americans or on European investors, too.. In the first.

In the opinion of experts, this would mean, in fact, "profanation".

sanctions. Americans and so rarely directly invested in OFZ because of the high.

tax rate in the United States and the difficulties with the operational purchase. Therefore, most.

citizens of the United States make such investments through European brokers in London or.

Zurich. Sergei Storchak found it difficult to determine the share of investments.

of US investors in OFZ. According to him, to calculate this "practically.

impossible ". Analyst "Alor Broker" Alexei Antonov estimates.

share of US investors in 10-15% of total OFZ volume in monetary terms.

"Financial instruments can now be so difficult to combine,.

that to learn the final beneficiary, and even more so his nationality is practically.

impossible, "he said.. While no one is ready to merge Russian papers in a hurry. After.

publication of the "Kremlin report" it became clear that immediate sanctions.

will not be introduced, and investors rushed to buy OFZ. As a result, demand for.

state debt quadrupled supply. Anatoly Aksakov is convinced that under any scenario to help.

the Russian economy will come from Russian banks.

They are now actively buying OFZ,.

which, in particular, can be used to refinance repo transactions.

"If non-residents suddenly start to drop OFZ, then their yield will be.

grow, and Russian banks will benefit from buying them, "agreed.

deputy Alexey Antonov. In addition, the Central Bank can "strongly.

recommend that "commercial banks make investments in Russian.

state securities, "and they, of course, will agree".