Support The Moscow Times!

Now is the time to support independent reporting from Russia!

Contribute Today

VTB to Trade Yuan Bonds

VTB Group plans to sell yuan bonds in a push to become the first Russian company to offer debt in the Chinese currency, a person with knowledge of the plan said Wednesday.

VTB, which became the first Russian company to sell Singapore dollar bonds in July of this year, will offer three-year Chinese debt in a deal arranged jointly by its investment banking unit, VTB Capital, and HSBC Holding, said the person, who declined to be identified because the information isn’t yet public.

(Bloomberg)

Read more

Russia media is under attack.

At least 10 independent media outlets have been blocked or closed down over their coverage of the war in Ukraine.

The Moscow Times needs your help more than ever as we cover this devastating invasion and its sweeping impacts on Russian society.