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Deputy FinMin Says RUB Bond Market Can Handle Sanctions, Aims to Borrow RUB 3.3tn in OFZs

RUSSIA
  • Russian deputy Finmin Maksimov: rouble bond market would survive any sanctions-driven forced foreign investor selloff
  • Any tightening of western sanctions on OFZ, eurobond markets would raise Russia’s borrowing costs, cause volatility
  • Russia still aims to borrow 3.3 trln roubles in ofz bonds this year, plans to reintroduce OFZs with floating coupon
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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