The Russian Ministry of Finance has no intention of borrowing in the foreign or domestic market in 2022. About this in an interview with Izvestia declaration head of department Anton Siluanov.
“We do not plan to enter the domestic or foreign markets this year. “It makes no sense because the cost of such borrowing would be cosmic,” he said.
According to Siluanov, now Russia has changed its budgetary policy, thanks to which all revenues to the treasury (including oil and gas) become a source of repayment of obligations to Russian debtors.
Moreover, as the head of the Ministry of Finance noted, in the current situation, in principle, Russia does not need foreign borrowing. Especially after the arrest of gold and foreign exchange reserves in the West, Moscow’s confidence in the dollar and euro was shaken because of this.
In the future, Siluanov did not refuse to enter the borrowing market, but emphasized that the state would first of all borrow from domestic investors.
Last week the Minister of Finance named The freezing of Russian gold and foreign currency reserves by Western countries is a real theft.