Copyright © 2024

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Russia seeks external financial support for its war against Ukraine through sovereign debt issuance – UK intel

Russia seeks external financial support for its war against Ukraine through sovereign debt issuance – UK intel

In its latest intelligence update, the British Ministry of Defense says Russia’s plan to issue sovereign debt in foreign currencies suggests a potential reliance on external financial support from friendly foreign states to finance its ongoing war in Ukraine.

The ministry tweeted:

  • “On the 28th March 2023, Russian Prime Minister Mikhail Mishustin said that a move to issuing some of Russia’s sovereign debt in foreign currencies was ‘under development’.”
  • “The move is almost certainly an indication that Russia anticipates external financial support from foreign states it deems ‘friendly’.”
  • “Once the development is completed, investors from other countries will be able to purchase Russia’s sovereign debt and therefore finance some of Russia’s future budget shortfalls. Such investors would be indirectly financing Russia’s invasion of Ukraine.”
  • “In recent months, Russia’s own banks have been the main entities purchasing Russian state debt. However, they are unlikely to have the capacity to fully fund anticipated future budget deficits. Russian officials likely see external debt issuance as one way to plug gaps in Russia’s finances as they plan for a long war in Ukraine. However, it remains unclear whether Russia will succeed in implementing the measures.”

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here

    Will the West continue to support Ukraine?
    • Know what moves the world.
    • Premium journalism from across Europe.
    • Tailored to your needs, translated into English.
    Special discount
    for Euromaidan Press readers
    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts