Russian min sees no critical market reaction on US govt shutdown
MOSCOW, Oct 1 (PRIME) -- The ongoing dispute between Republicans and Democrats in the U.S. Congress on the sovereign debt ceiling and the government shutdown will not trigger any critical reaction on the markets or have any significant influence on on Russian companiesТ positions on the debt market, Economic Development Minister Alexei Ulyukayev said Tuesday.
УI donТt think that the reaction of markets will be serious. We remember the events from two years ago when the U.S. was in the same situation. The markets just included these dynamics into their quotes,Ф Ulyukayev said.
УI donТt think that it will have a huge impact on the conditions of borrowing for our companies; for domestic businesses participating on international capital markets,Ф Ulyukayev said.
The Democrat-led U.S. Senate, the upper house of the Congress, has rejected a budget bill passed by the Republican-led House of Representatives, the CongressТ lower house, with just hours left to avert a government shutdown.
The government shutdown would be the first in the U.S. in 17 years.