Finance minister sees problems with 2019 domestic borrowing plan

MOSCOW, Dec 25 (PRIME) -- The Russian Finance Ministry sees difficulties with fulfillment of a 1.705 trillion ruble domestic borrowing plan in 2019, Minister Anton Siluanov told reporters on Tuesday.

“The situation next year will surely be more strained. It will be hard to fully fit the borrowing plans but there is nothing impossible,” Siluanov said.

Siluanov said that the ministry plans to borrow abroad in the euros and the yuans in non-U.S. dollar equivalent. “We will approach the fixed-rate non-dollar market, in the non-dollar equivalent. We will probably borrow in the euros, in the yuans.”

The Black Sea incident, when Ukrainian vessels were arrested near the Kerch Strait, hurt the latest placement of Russia’s sovereign bonds, the minister said.

Earlier in December, Russia placed 1 billion euro Eurobonds with the yield of 3%.

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