BRICS New Development Bank, Moscow Discussing Ruble-Based Bonds

© AFP 2023 / ALEXANDER NEMENOVA Russian ruble coin is pictured in front of St. Basil cathedral in central Moscow
A Russian ruble coin is pictured in front of St. Basil cathedral in central Moscow - Sputnik International
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Moscow and the BRICS New Development Bank are in talks on issuing ruble-based bonds in Russia.

VLADIVOSTOK (Sputnik) — BRICS' New Development Bank and the Russian government are in talks on issuing ruble-based bonds in the Russian market, the bank's vice president told Sputnik on Thursday.

"We have plans…in other national bond markets, including Russia. We are already in discussions with Russian government of the possibilities of issuing ruble-based bonds in Russia as well," Zhu Xian said.

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