Russia's Finance Ministry said in a statement on Tuesday it was canceling this week's treasury bond auction due to "unfavorable market conditions."
This is the fifth straight week the auction has been canceled, suggesting that demand for Russian bonds remains lukewarm in light of the Ukraine crisis.
The ministry holds its weekly domestic bonds sales on Wednesdays and announces the planned sales volume on Tuesdays.
See also:
Import Ban Slams Russian Stocks and Currency, Sends Bond Yields Rocketing
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
