Russia to allow issuance of state debt in BRICS currencies: Medvedev

Russia is preparing to issue OFZ government bonds in Chinese yuan, though the timing of the issue is unclear.

Russia's Prime Minister Dmitry Medvedev gives an interview to Russian TV channels in Moscow, Russia, December 15, 2016. | Reuters

MOSCOW: Prime Minister Dmitry Medvedev said on Monday the Russian government would allow the issuance of state debt denominated in the currencies of the BRICS group of countries.

Russia is preparing to issue OFZ government bonds in Chinese yuan, though the timing of the issue is unclear.