Support The Moscow Times!

Record Federal Bond Sales

Russia sold more OFZ federal bonds over the last two weeks than any time since 2003.

The Finance Ministry sold 16 percent of the total 75 billion rubles ($2.4 billion) of OFZs offered Wednesday, as the Central Bank’s decision to keep interest rates stable lured investors. It was the biggest bond issue since Aug. 18, when the government sold half the 40 billion rubles of OFZs offered.

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.