Bank of Russia comments on the imposition of sanctions related to public debt

The Bank of Russia monitors the situation in the financial markets following the imposition of restrictions for categories of foreign investors on some transactions with government bonds of the Russian Federation.

The Bank of Russia notes that the proportion of foreign investors in the total volume of public debt and even more so in primary offerings has considerably decreased other the past year. In early April, non-resident investment in OFZs fell to 19.7% of the total debt issued, and their share in primary offerings of OFZs was around 10% in March.

If necessary, the Bank of Russia is ready to use available instruments to maintain financial stability.

Press release of the Ministry of Finance On Measures to Enhance Stability in the Public Debt Market