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. Last Updated: 07/27/2016

T-Bill Market: More Foreign Access Mooted

The Central Bank is considering granting foreign investors greater access to Russia's lucrative treasury bill market, a senior Bank official told Interfax on Thursday.

Andrei Kozlov, deputy head of the Bank's securities department, told the news agency that the Central Bank is discussing an increase in the portion of a single T-bill issue that can be bought by foreign investors to 20 percent from its current limit of 10 percent.

The Central Bank is also studying possibility of foreigners investing in T-bills from deposit accounts, which would then enable them to convert the ruble profits into hard currency and repatriate them, Kozlov said.

Kozlov also said it was possible that investors not registered in Russia would be allowed to buy T-bills.

The Russian government is counting on T-bill sales to help plug its budget deficit.