Russia likely to substitute part of domestic programme of borrowing with Eurobonds in 2015

WASHINGTON, April 18. /TASS/. Russia can substitute part of a domestic programme of borrowing with Eurobonds in 2015 amid a favourable situation on the markets, the head of the Russian Finance Ministry's state debt and state financial assets department told reporters on Saturday.

"A part of the internal programme may be theoretically replaced by external one but now the position is that we are not planning it. If the situation is favourable, everything may happen and nothing can be excluded," Konstantin Vyshkovsky said adding "purely theoretically, a clue can be found to the situation when the budget is denied the right to borrow on foreign markets."

Russia plans to borrow one trillion roubles ($19.45bln) on domestic markets and not to borrow anything on foreign ones in 2015.

Earlier, Finance Minister Anton Siluanov did not exclude a possibility that Russia would gain access to foreign markets for borrowing in 2016.

Siluanov is heading the Russian delegation at the Spring Meetings of the International Monetary Fund (IMF) and World Bank held in Washington on April 17-19.