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Russia to Halt Bond Issuance for Rest of 2022, Siluanov Says
Russia will halt bond auctions for the remainder of 2022 due to prohibitive borrowing costs, Finance Minister Anton Siluanov was quoted as saying by Izvestia. “We do not plan to go to the local market or foreign markets this year,” Siluanov told the Russian outlet. “It makes no sense because the borrowing cost would be cosmic.” With Russia under financial and economic sanctions by the U.S. and allied countries, the cost of insuring Russia’s government debt surged last week to signal a record 99% chance of default within the year after the Finance Ministry paid some of its dollar bonds with rubles. Russia ... (full story)
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RossEdwards - Joined Jun 2019 | Status: Member | 3270 Comments
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From ons.gov.uk|Apr 11, 2022Monthly production output fell by 0.6% between January 2022 and February 2022, reaching a level that was 1.9% below February 2020 (the last month of “normal” trading conditions ...
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From @PriapusIQ|Apr 11, 2022|37 commentstweet at 5:31am:
Kremlin, on Potential Finnish and Swedish NATO Membership, Says Expansion of Alliance Will Not Bring Stability to Europe - Reuters
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- Posted: Apr 11, 2022 3:16am
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