Russia cancelled its sixth ruble bond auction this year after borrowing costs rose to a record as President Vladimir Putin backed annexing the Crimean peninsula and western nations threatened tougher sanctions.
* **Russian stock rebound likely to be shortlived, say analysts. Read more here**
The Finance Ministry said it pulled tomorrow’s sale, citing “unfavourable market conditions” in a statement on its website today. The yield on Russia’s ruble debt due February 2027 rose eight basis points...
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