Russia Battens Down Hatches With $7.2 Billion Borrowing Spree

Published: 25/03/2019
Russia Battens Down Hatches With $7.2 Billion Borrowing Spree
Source: FINANCE.YAHOO.COM

Finance Minister Anton Siluanov said on Friday that the huge amount raised gives the country room to start trimming sales in the local market. Russia is running the widest budget surplus in a decade, so doesn’t actually need to sell bonds, but the bumper borrowing now could be a precautionary move against potential U.S. sanctions later in the year. A bill under discussion in Congress proposes bann

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