Ukrainian citizen sentenced to community service for wearing St. George ribbonSociety & Culture July 25, 11:04
Top official comments on complications following Siemens refusal to work with state firmsBusiness & Economy July 25, 10:35
Russian-Syrian checkpoint opens in Eastern Goutha de-escalation zoneWorld July 25, 8:17
Russian-Chinese naval drills in Baltic Sea to enter active phaseMilitary & Defense July 25, 7:59
Putin to meet with Iraq’s vice-presidentRussian Politics & Diplomacy July 25, 6:49
Russian super-heavy booster vehicle to bring payloads of 70 tns to orbitScience & Space July 25, 5:34
New limits on microloans to kill off most micro lenders in Russia, say expertsBusiness & Economy July 25, 3:45
Lavrov says astonished by mass hysteria among US politiciansRussian Politics & Diplomacy July 25, 1:35
Lavrov comments on Syrian de-escalation zone agreementRussian Politics & Diplomacy July 24, 20:15
MOSCOW, November 8. /TASS/. Net volume of Russia’s domestic borrowings will total 400 bln rubles ($6.3 bln) in 2016, Finance Minister Anton Siluanov said at the Federation Council, upper house of parliament.
"We will attract a significant amount of resources on the domestic market. If this year the figure will be 400 bln rubles in the following years it will be more than a trillion," he said.
In amendments to the 2016 budget, adopted by the State Duma, lower house of parliament, in the second reading, the Finance Ministry asked to increase domestic borrowings from 300 bln ($4.7 bln) to 500 bln rubles ($7.8 bln).
According to Siluanov, in 2017, the Finance Ministry plans to borrow up to 1 trillion rubles ($15.6 bln) on the domestic market.