The Central Bank supported the initiative of the Ministry of Finance on the return of GKO
Central Bank. Photo: 1tv.ru The Central Bank agreed to the return of state short -term bonds (GKO), which was previously announced the Ministry of Finance, RBC reports. According to the Bank of Russia, the revival of the financial instrument will reduce the influence of budget flows on bank liquidity. The Ministry of Finance also believes that with the help of these securities, the department will close the cash gaps of the budget that may occur due to a decrease in oil revenues.