Economics
Russia Ready to Buy Own Debt If Sanctions Spark Market Crash
- Foreign holdings of sovereign ruble debt fell to 26%-27%
- Russia won’t sell debt in ‘stressful environment’: Kolychev
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Russia is ready to take the emergency step of buying its own ruble debt if a new wave of U.S. sanctions threatens to upend the market.
“In a very stressful scenario when we see the conditions of a market failure” both “the central bank and the government have the tools to intervene on the open market to cushion the adjustment period,” Deputy Finance Minister Vladimir Kolychev said in a Bloomberg TV interview.