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Russia to count on domestic borrowings in case of sanctions against public debt

April 21, 0:34 UTC+3 WASHINGTON

"We have sufficient foreign exchange/gold reserves," the Russian finance minister said

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WASHINGTON, April 21. /TASS/. The Russian Finance Ministry will count on the market of domestic borrowings to finance the budget deficit if the US sanctions spread to the Russian public debt, Finance Minister Anton Siluanov said on Friday on the sidelines of the spring session of the IMF and the World Bank.

"We'll mostly count on our domestic investors," he said. "We don't need borrowings in foreign currencies. We have sufficient foreign exchange/gold reserves."

"But we needs the sources for financing our budget deficit and we can get these sources on our domestic financial markets," Siluanov said.

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