Contents tagged with Russian Government

  • Russian government debt auction fails for third consecutive week

    For three weeks running, the Russian Finance Ministry has been failing in its attempts to borrow money on the market, reports.

    At the Federal Loan Bond (OFZ) auctions on Wednesday, the department was once again unable to sell the targeted amount. Out of a stated 20 billion rubles, the finance ministry was only able to raise 11.1 billion, despite the fact that buyers were offered notable discounts compared to market prices.

    Both auctions can be considered “failures”, commented Loko- …