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Govt Mulls Cutting 2021 Borrowing By RUB 500bn-1tn

RUSSIA
  • Government officials are discussing a proposal to cut borrowing this year to 3.2tn RUB from 3.7tn RUB as oil revenues surge and the economy starts to recover from Covid
  • Govt also has ~RUB 450bn remaining from last year's better than expected revenue collection
  • Borrowing currently at RUB 300bn so far in 2021
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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