9 Jul 2019 12:09

Belarus's Finance Ministry to encourage Belarusian companies to enter Russian debt market - deputy minister

MINSK. July 9 (Interfax) - Belarus's Ministry of Finances intends to encourage Belarusian companies to enter the Russian debt market, Deputy Finance Minister Andrei Belkovets told journalists in Minsk on Tuesday.

"The Russian market's interest in Belarusian risk is very high right now. We're generally planning to do such training in the fall, invite Russian banks that are involved in organizing issues, invite the Moscow Exchange, a depository, and present how all this works for our issuers here in Belarus - what the requirements are, the approaches, how much it costs, how much time it takes," Belkovets said.

"We'd like corporate lenders, among others, to give the Russian market a go. We don't see obstacles, there are no restrictions today. We just need to get working," he said.

"If we look at the Belarusian and Russian markets, the latter is much bigger and more interesting. The sizes of the economies are, after all, different, and the development of the market is different in terms of investors who are ready to buy," Belkovets said.