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Russia plans to borrow $3 billion a year on global markets in 2018-2020

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Reuters MOSCOW
Last Updated : Jun 29 2017 | 4:43 PM IST

MOSCOW (Reuters) - Russia's finance ministry is planning to borrow $3 billion a year on global capital markets in 2018-2020, Finance Minister Anton Siluanov said on Thursday.

The finance ministry raised $3 billion earlier this month as it enjoyed strong demand for its Eurobond from global investors.

Speaking at a weekly government meeting, Siluanov also said that Russia's budget deficit was seen shrinking to 1.6 percent of gross domestic product in 2018.

(Reporting by Darya Korsunskaya; Writing by Andrey Ostroukh; Editing by Alexander Winning)

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First Published: Jun 29 2017 | 4:26 PM IST

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