Russia may issue state securities worth $5.33bn this year

It is planned to issue state securities totaling some 169.52bn rubles ($5.33bn) in 2003, the Russian Finance Ministry told RosBusinessConsulting.

At present the Finance Ministry is working out a national system of savings, which will enable citizens to buy state securities directly from the state. It is planned to issue securities totaling 4bn rubles ($126m) with this purpose.

Questions about issuing state securities in 2003 are to be discussed at tomorrow's government meeting. A report on this topic is to be delivered by Deputy Finance Minister Bella Zlatkis.