Measures to prevent Russia's default underway

16:26 - 11.04.2022


April 11, Fineko/abc.az. Russian Finance Minister Anton Siluanov said that bonds will not be issued for the rest of the year because of rising borrowing costs.

ABC.AZ reports that Siluanov stated that there are attempts to put the country in default, and legal measures will be taken if necessary. The minister noted that they do not plan to take out loans in the domestic or foreign markets this year.

"It makes no sense to borrow from the markets because the borrowing costs are high," he said.