Finance Ministry To Submit New Program Of Borrowings On Russia's State Debt Market To Gov't

The Finance Ministry of the Russian Federation may submit a program of borrowings on Russia's state debt market for 2002 to the government in the near future, a representative of the Ministry reported in an interview with RosBusinessConsulting today. In addition, the government intends to borrow money on the home market by issuing GKO state short-term bonds, OFZ federal bonds, OGNZ state non-market bonds and GSO state savings bonds. The Ministry is expected not to issue any OGSZ state savings bonds in 2002. In addition, an official stressed that the Ministry would issue the first federal bonds at the end of January.

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