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Russian banks run out of money to cover budget deficit
Russian banks currently have no free rouble liquidity to buy federal loan bonds, which Russia's Ministry of Finance uses to cover the budget deficit.
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themoscowtimes.com
Russian Banks Lack Cash to Buy Government Debt, Sberbank Executive Says - The Moscow Times
Russian banks have no spare ruble liquidity to buy the government bonds used to finance the federal budget deficit, a senior Sberbank executive said, raising questions about…
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pravda.com.ua
Russian banks run out of money to cover budget deficit
Russian banks currently have no free rouble liquidity to buy federal loan bonds, which Russia's Ministry of Finance uses to cover the budget deficit.
