Sanctions against state debt of Russia will lead to domestic investors oust the foreigners on the market of state debt, Russia’s Finance Minister Anton Siluanov.
Say 24 on Wednesday, the TV channel “Russia,” Siluanov said that at the present time Russia can afford to look for funds within the country and do not need to enter the international borrowing market.
“We get roughly the same amount of income, even given our need to repay the liabilities and use of funds from the national welfare Fund (NWF)”, – he said.
“We were able to withstand the challenges facing our country, including a decrease in oil prices and the sanctions and restrictions that the Russian Federation is threatened,” – said Siluanov in an interview.
“We were able to lay the Foundation for financial stability, the adopted budget rule, and now the budget, unlike in previous years, will be developed taking into account commitments that will be implemented with any macroeconomic changes,” he said.
He also noted that the legislation in respect of sanctions against Russia’s state debt is only a suggestion of one us Congressman and other American lawmakers still do not know.
He acknowledged that the Russian economy will receive at least “unpleasant” consequences of such sanctions.
“I’m sure we can do without foreigners, in this case. But in fact, for foreign investors who are major institutional investors that come to our market is a solid asset with good profitability. Therefore, those who reject it, shoot yourself in the foot”, – concluded the Minister.
The document, which raises the question of sanctions against the database of the U.S. Congress on Tuesday, the Russian public debt appeared. The proposed measures include the cessation of all financial transactions with a public debt of Russia. Transactions with bonds of the Central Bank of the Russian Federation, the SWF and the Federal Treasury can be also banned, as well as a number of Russian banks.
Sourse: sputniknews.com
