FILE PHOTO: An employee holds 1,000 Russian rouble notes at Goznak printing factory in Moscow, Russia July 11, 2019. REUTERS/Maxim Shemetov/File Photo
MOSCOW (Reuters) - Russia will cut its 2021 borrowing plan more than expected and will offer only new OFZ treasury bonds from June 14, the date after which U.S. banks will be barred from buying rouble-denominated state bonds directly from Russia.
The new set of sanctions announced on Thursday battered the rouble and state bonds but analysts say it will not have a significantly adverse impact on the Russian budget and markets over the longer term.
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