Fearing new sanctions, Russian tycoons float new bond idea: Sources

Wealthy Russians facing the prospect of targeted US sanctions next year have floated the idea of a special treasury bond to facilitate favourable terms for bringing their cash home, three sources familiar with the scheme said.

The bond, denominated in foreign exchange, would be offered at a higher yield than bank rates and be more liquid than Eurobonds, the sources said. Crucially, unlike with bank accounts, holders would be able to remain anonymous.

"There is information that a number of people want to bring their foreign cash assets back here," said an executive from a major Russian state company, who like others