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. Last Updated: 07/27/2016

Bond Rule Approved

MOSCOW -- Russian Prime Minister Sergei Kiriyenko signed a regulation outlining the terms of sales of government bonds to households and individuals on Wednesday, a government spokesman said.

Alexander Voznesensky said that under Kiriyenko's regulation the bonds, which individuals and banks can buy, would have a face value of 1,000 rubles ($162.52) and be issued in paper form.

Voznesensky said buyers of the bonds stood to make a profit equal to the difference between the maturity price and the purchase price. Foreigners are allowed to trade the paper, but only electronically, he said.