Siluanov says Russia has no plans to reduce borrowing because of higher oil price

Russian fin min out with latest comments 15 Feb

  • Russian 2018 budget surplus seen at 1.5-2.0% of GDP at current oil price levels
  • demand for Russian Eurobonds for repatriation of capital reached USD 1-3bln

One for our Russian/oil/RUB traders.

Siluanov- Not tempted to use higher oil price to reduce borrowing

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