Russia to Boost Borrowings, Triple Debt by 2014, Vedomosti Says
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Russia plans to borrow more than 2 trillion rubles ($71 billion) a year from 2012 through 2014 to help cover its budget deficit, Vedomosti reported, citing government documents.
Russian sovereign debt may triple to 12 trillion rubles by 2014 under a plan that will be discussed at a government meeting on Aug. 11, the Moscow-based newspaper said.