Russia will cope with the introduction of US sanctions on debt, the Finance Ministry says


The building of the Ministry of Finance of Russia on the street Ilyinka in Moscow.

Россия справится при введении санкций США на госдолг, считают в Минфине
Natalia Seliverstova

MOSCOW, 7 Aug — Russia will cope in the event of the imposition of US sanctions on debt, in Russia developed the Institute for national investors, and the accumulated reserves will allow to cope with the budget deficit, told reporters Deputy Finance Minister Sergei Storchak.

“I think that in the years since the beginning of active development of national debt market, we have grown our own national, institutional investors — pension funds, insurance companies, which are active participants in the debt market. I think we will get through this,” he said.

“Plus the reserves that we have accumulated will be able to use to address issues of the Federal budget deficit. No panic in the Ministry of Finance there is not expected,” — said Storchak.

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