OAO Moscow Exchange halted derivatives trading between 1 p.m. and 1:58 p.m. today.
A stronger ruble is inevitable and won’t prompt the Russian government to impose capital controls, Deputy Finance Minister Dmitry Pankin said.
Russia may scale down its plan for record debt sales next year or choose to borrow more on the domestic market, Deputy Finance Minister Dmitry Pankin said.
Russia’s market regulator said it’s identified the country’s first case of insider trading in Unilever’s 2011 acquisition of skincare maker Concern Kalina.
Russia may sell its first bonds denominated in euros next year as the government seeks to set a “benchmark” to help domestic companies borrow in the common European currency, Deputy Finance Minister Dmitry Pankin said.
The Russian private equity fund that President Dmitry Medvedev is creating may get World Bank guarantees to lure foreign investors and expertise, Deputy Finance Minister Dmitry Pankin said.
Russia’s government didn’t signal a change of debt strategy by offering a premium of as much as 9 basis points at yesterday’s auction of 2016 bonds, Deputy Finance Minister Dmitry Pankin said.
Russia will step up sales of domestic debt and may offer its first ruble-denominated Eurobonds after falling behind its plan for raising 1.2 trillion rubles ($38.9 billion) this year.
Russia may decrease foreign borrowing plans by $13 billion this year and increase domestic debt sales by the same amount, Deputy Finance Minister Dmitry Pankin said.
Russia needs to stimulate financial growth instead of increasing government oversight of markets, the head of the country’s financial watchdog service said.
"This is the first proven case of the illicit use of insider information on the Russian market."
- Dmitry Pankin on Jul 02, 2013