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Russia may be absent from market of foreign borrowings 2015 — finance minister

October 01, 2014, 13:23 UTC+3
It would be appropriate to make provisions beforehand in the three-year budget for replenishing the reserve fund, Finance Minister Anton Siluanov says
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Russian Finance Minister Anton Siluanov

Russian Finance Minister Anton Siluanov

© TASS/Stanislav Krasilnikov

MOSCOW, October 1. /TASS/. Russia’s Finance Minister Anton Siluanov has not ruled out that Russia may decide against making any borrowings on the foreign markets in 2015.

“We have not entered foreign markets this year. Possibly we shall be absent from them next year as well,” Siluanov told the Federation Council on Wednesday.

Siluanov said it would be appropriate to make provisions beforehand in the three-year budget for replenishing the reserve fund and to use all revenues exceeding the targets to reduce borrowings on both domestic and foreign markets.

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