Moscow will borrow a record 700 billion rubles in three years
In the next three years, Moscow will borrow about 700 billion rubles, a record amount of borrowing, said the mayor of the capital, Sergei Sobyanin. The pandemic has dealt the city's budget a "huge blow," he said. In an interview with the Russia 1 TV channel, Sobyanin said that this year Moscow would miss “somewhere around 500 billion” of the planned revenues. “Next year and subsequent we will borrow.