Foreign ownership of Russian domestic debt may reach 25 percent after July 1 from about 3 percent now as the government takes measures to ease restrictions on the local market, Konstantin Vyshkovsky, head of the Finance Ministry debt department, told reporters in Moscow today.

Russia expects to allow its government debt to be settled through Euroclear Bank SA, the world’s biggest bond-settlement system, as early as July 1.

To contact the reporter on this story: Scott Rose in Moscow at rrose10@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net