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Russia Selling Most Bonds Since Crimea Incursion as Crisis Eases

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An air of normalcy is returning to Russia’s domestic debt market.

The rebound in oil prices, a tentative cease-fire in eastern Ukraine and demand for the highest yields after Brazil in emerging markets have helped President Vladimir Putin’s government cover 74 percent of its debt-sale target for the three months through June 30. That’s the best ratio since the final quarter of 2013, before Russia’s annexation of Crimea triggered international sanctions.