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Plans to borrow annual 7 bln dlrs on foreign mkts 2014-2016 still effective - MinFin

November 09, 2013, 6:04 UTC+3
Storchak said that Russia borrowed on foreign markets not because of some dire need, but just “to keep the flag flying
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Photo ITAR-TASS/EPA/YURI KOCHETKOV

Photo ITAR-TASS/EPA/YURI KOCHETKOV

MOSCOW, November 9 (Itar-Tass) - Russian Finance Ministry’s plans for borrowing an annual 7 billion dollars on foreign markets in 2014-2016 stay unchanged, Deputy Finance Minister Sergey Storchak told the media on Friday.

“We are not changing our plans for borrowings outside the country for the time being. At this point our budget says that the annual cap on foreign borrowings in 2014-2016 stands at seven billion dollars. Possibly, the legislators may decide to change something later. It’s anyone’s guess,” he said.

Also, Storchak said that Russia borrowed on foreign markets not because of some dire need, but just “to keep the flag flying.”

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