Russia's FinMin to offer $3bn at fx deposit auction

26 Dec, 2014

MOSCOW: Russia's Finance Ministry will offer $3 billion at a forex deposit auction on Dec. 29 for 28 days, the Treasury said on Friday.

The ministry's forex deposit auctions are intended to ease a deficit of dollars that has driven the Russian rouble sharply lower and is linked to Western sanctions that limit Russian firms' access to international capital markets.

Copyright Reuters, 2014

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