Participants of the Russian Stock market should not reckon on the Finance Ministry issuing new bonds in the near future, the Vremya MN newspaper reported. It was expected earlier that the Finance Ministry would issue short-term bonds for 17.5 billion rubles (about $673 million) as it was stipulated by the budget. However, in view of the unfavorable situation on the Russian market, the issue of new bonds is out of the question. Chief of the department of the Russian National debt Bella Zlatkis explained there are no conditions on the market to issue short-term bonds and long-term securities are needless. Next year the Ministry may issue long-term bonds with indexable coupons for 15-25 billion rubles (about $577-962 million) and short-term bonds for the rest of the sum, which would be stipulated by the budget. In any case the profitability of the state securities will not surpass 30% a year.