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Russia’s finance ministry still plans to borrow up to $7 bln in 2014

February 18, 2014, 19:59 UTC+3 MOSCOW
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MOSCOW, February 18. /ITAR-TASS/. Russia’s finance ministry keeps its plans to borrow up to seven billion US dollars in 2014, despite the current ruble depreciation, Russian Minister of Finance Anton Siluanov told journalists on Tuesday.

The depreciation of the ruble, in his words, gives more sources for financing the budgetary deficit. This year, the finance ministry plans to stage no roadshows of sovereign Eurobonds but will rather concentrate on meetings with investors, he noted.

According to Siluanov, his ministry has submitted to the government a new mechanism of selecting agent banks to organize placement of Eurobonds.

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