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. Last Updated: 07/27/2016

Tax Relief for Bonds

MOSCOW -- Acting Finance Minister Mikhail Zadornov has proposed exempting Moscow city Eurobonds from taxation, according to the Moscow committee for municipal loans and development of the stock market.

Moscow plans to issue 500 million Deutsche marks ($288 million) worth of Eurobonds before the end of the week, the committee said Wednesday. The Eurobonds will be denominated in marks because of instability in the dollar market, it added.