Russia c bank to sell $50M to non-residents today

RUSSIA - Today, 4 October, the Russian Central Bank will conduct an auction for non-residents with S-accounts in Russia.

The bank will sell $50 million. These assets will be sold to authorized banks that then will transfer these assets to accounts of non-residents who invested in Russian securities. The previous currency auction was held on 20 September. The volume of applications amounted to about $138.69 million.