“We do not see such drastic change in the interest of global investors towards Russian assets. Basically, Russian assets remain attractive,” said Elvira Nabiullina, Governor of the Bank of Russia, at a press conference at the International Financial Congress.
The current share of non-residents in OFZ bonds standing at 31% seems high, but it is not high by world standards.
Decline in participation of non-residents in Russian debt stands at the same rate as in other emerging markets.
The reason for decline is the gradual normalization of monetary policy in the developed countries.