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Russia to Issue Yuan Bonds Amid Growing Deficit

11/3/2025

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Summary

Story summary

Russia's Finance Ministry plans yuan-denominated bonds of up to 400 billion rubles on the Moscow Exchange in December.
It will be the first domestic yuan-denominated bond issue.
The deficit is projected at 5.7 trillion rubles this year, up from 1.2 trillion.
The shortfall stems from a 20% drop in oil and gas revenues and weaker customs duties.
The sale targets banks and asset management companies amid ongoing Western sanctions.

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Story summary

Russia's Finance Ministry plans yuan-denominated bonds of up to 400 billion rubles on the Moscow Exchange in December.
It will be the first domestic yuan-denominated bond issue.
The deficit is projected at 5.7 trillion rubles this year, up from 1.2 trillion.
The shortfall stems from a 20% drop in oil and gas revenues and weaker customs duties.
The sale targets banks and asset management companies amid ongoing Western sanctions.