Russian Banks Lack Funds to Cover Budget Deficit

Russian banks currently possess no free rouble liquidity to purchase federal loan bonds, which the Russian Ministry of Finance typically utilizes to cover the nation's budget deficit.

1 Aug, 10:25 — 1 Aug, 10:25

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ukrainska-pravda7d ago

Russian banks run out of money to cover budget deficit

Russian banks currently have no free rouble liquidity to buy federal loan bonds, which Russia's Ministry of Finance uses to cover the budget deficit.

By Semen Ruban

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Russian Banks Lack Funds to Cover Budget Deficit

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Russian banks run out of money to cover budget deficit

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