Russia FinMin says domestic borrowing cannot be endless

MOSCOW, Sept 23 (Reuters) - Russia's Finance Minister Anton Siluanov said on Friday that Russia might increase this year's domestic borrowing by 100 billion roubles ($1.57 billion) but in the years to come it should not raise the debt at the same pace.

"We cannot borrow (domestically) endlessly," Siluanov told a briefing on the sideline of the Moscow Finance Forum. "This is taking money away from companies, markets."

He also said that the ministry would issue in a test mode about 30 billion roubles worth of domestic treasuries for the Russian population. (Reporting by Lidia Kelly and Katya Golubkova; Editing by Dmitry Solovyov)

We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue
Help us moderate this thread by flagging comments that violate our guidelines
Help us learn more about commenters. Click here to take this quick survey.

Comment policy: comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Load comments
Continue Reading