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Foreigners kept on buying Russian bonds despite sanctions in July - c.bank

MOSCOW, Aug 15 (Reuters) - Foreign investors kept on buying Russian stocks and bonds in July despite tensions fuelled by another round of U.S. sanctions against Russia, the Russian central bank said on Tuesday.

"Intensified tensions in the Russia-American relations did not prevent an increase of foreign investors' holdings in Russian stocks and bonds," the central bank said in a regular report on liquidity.

Non-residents bought a net 36 billion roubles ($601.40 million) worth of Russian treasury bonds, known as OFZs, on the Moscow exchange in July, while their net holdings in Russian stocks grew by 42 billion roubles, the central bank said.

The central bank said Russian assets enjoyed foreign demand as they were undervalued compared with other emerging markets' assets.

The rouble's depreciation this summer also added to the attractiveness of Russian assets, the central bank said.

The rouble, which lost more than 5 percent of its value against the dollar in June-July, came under pressure from a new round of U.S. sanctions as well as dividends paid by Russian companies, the central bank said.

The U.S. Senate last month voted to impose fresh sanctions on Russia to punish Russia over interference in the 2016 U.S. presidential election, expanding previous penalties imposed against Moscow over the annexation of Ukraine's Crimea region.

Russian President Vladimir Putin, who has repeatedly denied the conclusions of U.S. intelligence agencies that Moscow interfered in the U.S. vote using cyber warfare methods, has threatened retaliation against the legislation. ($1 = 59.8600 roubles) (Reporting by Polina Nikolskaya; Editing by Andrey Ostroukh and Editing by Jon Boyle)