After new sanctions, US residents get rid of Federal loan bonds by 200 billion rubles

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Non-residents reduced their share in the OFZ from 34.5% to 31%, selling after the announcement of new sanctions of the USA bonds to 200 billion rubles, said first Deputy Chairman of the CBR Ksenia Yudaeva. In the information-analytical material CBR “financial stability Review” that the interest of international investors in Russian assets is maintained, despite a surge in volatility in markets after the announcement of new sanctions.
In the current situation the financial stability of the Russian Ministry of Finance is strong enough. On current oil prices, Russian officials recently could only dream of, but also the cheap ruble adds color to this picture. Current foreign exchange and commodity market conditions a gift to the Russian budget. With high probability, the new government will also be more demanding of public companies in terms of percentage of the profits sent to the dividends and, accordingly, in the budget.
Talk of sanctions against BFL are constantly. However, while the U.S. refrained from this move. There is a view that American sanctions against BFL can completely destabilize the Russian financial system and the Russian ruble. However, this view is not entirely fair, the Bank of Russia can easily buy all the Russian sovereign debt from foreigners. The possibility of emission and international reserves. Naturally, if a political decision.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari