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Russia’s Finance Ministry drafts a three-year debt policy for the country

Debt Policy


According to the debt policy bill, drafted by the Finance Ministry, Russia will borrow 6.33trln rubles on the domestic market in 2012-14. Broken down, this translates into 1.98trln rubles in 2012, 2.08trln rubles in 2013 and 2.27trln rubles in 2014. It is also planned that the government during this period will also issue a limited volume of Eurobonds, conditional on the availability of appropriate demand on global capital markets. As on July 1, Russia’s state debt totaled 4.6trln rubles, comprising a domestic debt of 3.6trln rubles and foreign debt of $36.8bln, or 1trln rubles.