Russia has issued $1.75 billion worth of Eurobonds. It was the first placement made by the Russian Ministry of Finance in almost three years. Pro-government Russian media speak about the triumphant return of Russia to the financial markets. At first glance, it may seem to be successful, but this is a false impression. Svetlana Rusakova has looked closer at “the Russia’s return” and found out what is wrong with it.
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