Russia hopes to fulfil its 2014 domestic borrowing plan

11 Sep, 2014

MOSCOW: The Russian Finance Ministry hopes that plans for sovereign domestic borrowing will remain unchanged for the rest of the year, the ministry's head, Anton Siluanov, said on Thursday.

The ministry has been forced to cancel its eight-straight weekly auction for the so-called OFZ bonds on Wednesday, citing unfavourable market conditions.

Investors have been shying away from Russian assets because of Moscow's involvement in the Ukraine crisis.

Copyright Reuters, 2014

Read Comments