MOSCOW: Russia plans to raise $7 billion on the external debt market in 2019, a sum that would include swapping existing Eurobonds for new ones, Russian Finance Minister Anton Siluanov said on Monday.

Russia wants to complete swaps of old Eurobond issues for new ones in 2019 and borrow $3 billion per year by selling Eurobonds in 2020-2021, Siluanov said.