Russian bond success fuels spending fears

Author (Person)
Series Title
Series Details 23.4.10
Publication Date 23/04/2010
Content Type

Article reports that Russia’s return to the international debt markets in April 2010 for the first time in a decade, raising $5.5bn at rates far lower than its emerging market peers, underpins the country’s turnround from 2008-09 when economic crisis was forcing it to use its hard currency reserves at an alarming pace.

Nevertheless, commentators feel that Russia is not making the fundamental changes needed to its infrastructure and business operations that are necessary for the future.

Related Links
BBC News, 22.4.10: Russia raises $5.5bn via first Eurobond sale for decade http://news.bbc.co.uk/1/hi/business/8636691.stm
Russia: Ministry of Finance http://www.minfin.ru/en/

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