Next year Russia could raise up to $10 billion by issuing sukuk-salam commodity bonds on the stock 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 for the development of the national agricultural export: both inagriculture and in transport logistics. This is the aim of the Agrofinmost project, within the framework of which it is planned to issue sukuk-salam bonds on the stock exchanges of Islamic countries in the amount of $10 billion with a 3-year maturity. The HSE-Skolkovo Institute for Law and Development is developing this project", he added.
Source: TASS Russian News Agency