UPDATE 1-Russia will not issue Eurobonds before U.S. decision on sanctions in February

February@ (Adds quotes, context)

MOSCOW, Dec 18 (Reuters) - Russia will not issue Eurobonds before February, when the United States is set to decide on new sanctions against Moscow, Finance Minister Anton Siluanov told reporters on Monday.

In August, U.S. President Donald Trump signed into law a new package of sanctions drafted by U.S. lawmakers. One of the provisions asks the U.S. Treasury Secretary to submit a report on the impact of expanding sanctions to cover Russian sovereign debt, with an outcome expected as early as February.

Currently, Russian sovereign debt-raising is not directly prohibited by U.S. or European sanctions.

Russia plans to raise up to $3 billion in new issues and up to $4 billion to replace existing debt in 2018.

"We will not do that (issue sovereign debt before new sanctions)," Siluanov said.

"We will do that according to our plans, when we are ready. We will not adjust our plans regarding the budget to whether these sanctions are imposed or not," he said.

Russia has raised about $4 billion in a top-up of its 2027 dollar-denominated Eurobond and 2047 Eurobond issues in September.. (Reporting by Darya Korsunskaya; Writing by Maria Tsvetkova and Denis Pinchuk; Editing by Dmitry Solovyov and Alison Williams)