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Russia halts auctions due to collapse
Russia Halts OFZ Auctions After Market Crash as Budget Deficit Hits 5.7 Trillion Rubles

Russia's Financial Situation Russia's Ministry of Finance has suspended auctions for federal loan bonds (OFZ) following a sharp decline in their value. This decision comes after the Central Bank of Russia's gold reserves dropped by 43.5 metric tons since the start of the year. Concerns are mounting ...

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