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. Last Updated: 07/27/2016

CLARIFICATION

A story Wednesday headlined "Russia Will Replace T-Bills" should have specified that the Finance Ministry intends to replace the treasury bond security (KO) with a new "treasury-exempt" instrument.


KOs are one of a number of government financial offerings known broadly as T-bills. The most common form of T-bills, three-month GKOs and federal loan bonds (OFZs), will not be affected by the planned change.