Cbank: Net non-resident OFZ sales at 19 bln rbl Jul 1–Tuesday

MOSCOW, Aug 9 (PRIME) -- The Russian market has demonstrated resilience to new sanctions with foreigner net OFZ bond sales reaching only 19 billion rubles from July 1 till Tuesday, the central bank said in a report on Friday.

“The Russian market has demonstrated stability at the moment of declaration of new sanctions restrictions in spite of their initial vagueness,” the central bank said.

The new sanctions, announced by the U.S. government on August 2, include a ban for U.S. banks to buy new non-ruble sovereign Russian debt, and a request to the World Bank and the International Monetary Fund not to provide loans to Moscow. The sanctions, which will come in force from August 26, also include additional restrictions for exports of some U.S. goods to Russia.

(65.1299 rubles – U.S. $1)

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