Russia cancels weekly treasury auction for 4th week in row

MOSCOW Tue Aug 12, 2014 6:53am EDT

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MOSCOW Aug 12 (Reuters) - Russia's Finance Ministry said in a statement on Tuesday it was cancelling this week's treasury bond auction due to "unfavourable market conditions".

This is the fourth straight week the ministry has cancelled the auction. The ministry holds its weekly domestic bonds sales on Wednesdays and announces the planned sales volume on Tuesday. (Reporting by Alexander Winning and Yelena Orekhova)