Russia is discussing loans in yuan with China – Kommersant
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Russian authorities are negotiating with China about the possibility of raising loans in yuan, Finance Minister Anton Siluanov said. Discussions have been going on for “quite a long time”; the last time negotiations took place was at the end of 2023 at an “inter-ministerial dialogue”.
“Currently, the budget law provides for loans on the domestic market. There is a right to attract loans in yuan. Negotiations with Chinese partners have been going on for quite a long time, but there is no solution yet,” said Mr. Siluanov “RIA News”.
The 2024 budget provides only for domestic borrowing. In the next three years, their volume should be about 4 trillion rubles. in year.
How the Ministry of Finance adjusted its borrowing tactics on the debt market – in the Kommersant material “The Ministry of Finance has shortened the national debt”.
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