By Victor Duda
According to journalists, the Ministry of Finance of Russia borrows money to cover the budget deficit through government bonds. However, the market for these documents was covered by a wave of panic sales. Thus, the federal loan price price index on the Moscow Exchange falls for the third month in a row. The publication writes that on Wednesday, September 6, the price index has already dropped to the mark of 122. 34 points-the minimum since April 2022.
Yes, it is the longest period of steady falling since the end of 2014, which has lasted 13 of the last 14 weeks. According to the CEO of IR IC "Ilga Capital" Andriy Khokhrin said that the state debt market in Russia is "panic". Now it is increasingly expensive to borrow for the budget of the Ministry of Finance. "If at the beginning of 2021 the Government of the Russian Federation could borrow for 10 years under 6-7% per annum, last fall-at 10% per annum, now market rates reached 11.
5%,"-the message reads. According to Russia, it is increasingly more expensive and more and more more than more and more. After the West has imposed a sanction against the Russian Federation, the flow of investment was overwhelmed, although previously tens of billions of dollars in Russian bonds kept foreign funds. We will remind that on August 18 the Russian media reported that in Moscow decided to save ruble with the help of billionaires.
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