Gazprom, Russia’s state-owned gas company, plans to issue the first dollar-denominated Russian corporate bonds for the past year, despite widespread concerns over potential new US sanctions against Russia.

The company plans to start the roadshow in the US on February 4, according to the company’s statement provided by Renaissance Capital, one of the banks mandated as bookrunners arranging the meetings, according to Financial Times.

The company will be Russia’s first corporation to issue dollar-denominated paper since February 2018, it said.

At the start of last year, the country’s top gold producer Polyus, aluminum giant Rusal, fertiliser producer Phosagro and lender Alfa-bank all placed dollar bonds worth more than $2bn combined. Polyus later offered to partly buy it back after the US imposed sanctions on Suleiman Kerimov, who controls the company.

Gazprom’s foreign currency bond issuances last year included two in euros, one in Swiss francs and one in Japanese yen.