20may

Next year, Russia could raise up to $10 billion in sukuk-salam commodity bonds on the exchanges of Islamic countries, said Kirill Molodyko, a lead research fellow at the HSE-Skolkovo Institute for Law and Development, on the sidelines of the international economic summit «Russia — Islamic world: KazanSummit.»

«In my opinion, Russia could attract about $10 billion in the development of national agricultural exports: both in agriculture and in transport logistics. This is the aim of the Agrofinmost project, which provides for an issue of $10 billion-worth of sukuk-salam bonds on exchanges of Islamic countries with a 3-year maturity. The HSE-Skolkovo Institute for Law and Levelopment is developing the project,» he added.

Source: TASS Russian News Agency