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President Vladimir Putin said Russia is planning to issue foreign-currency bonds next year to help wealthy local investors repatriate capital as concerns over Western sanctions grow.Finance Minister Anton Siluanov said late Thursday a possible issue will include no special terms and will be offered as part of Russia's plan to raise $3 billion abroad next year.Speaking to reporters Friday, he said that amount could be increased if demand is strong, with net domestic borrowing – now set at about 800 billion rubles for next year – reduced to keep the overall total within budget limits. Current estimates of demand for repatriation bonds range from about $1 billion to $3 billion, he said.While attracting returning Russian capital is important, the Finance Ministry needs to make sure enough foreign investors buy bonds to provide liquidity on the market, Siluanov said.Russia is likely to offer another tax amnesty next year to stimulate capital repatriation and conditions will be similar to the one offered in 2016, according to Siluanov.
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