Washington targets Russian debt in sanctions sweep - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The US government broadened restrictions on trading of Russian government debt on Tuesday in a bid to punish Moscow for ratcheting up its conflict with Ukraine.

The US Treasury said it was prohibiting participation in the secondary market for bonds issued after March 1.

US investors have been banned from buying new dollar-denominated Russian debt since 2014, when Russia annexed Crimea. “So we have primary and secondary new issue rouble and dollar debt sanctioned,” said Ash. “The next logical step if Russia invades full-scale is sanctioning existing issues secondary.”The latest measures on the rouble debt known by their Russian abbreviation, OFZ, could further stress the bonds.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Words alone won’t express how thankful I’m recommending you all to bettycostafx. investing with her has been a great opportunity for me and my family, I'm not persuading anyone to work with Mrs bettycostafx.. I just wanted interested investors to make the right choice with her.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines