Summary
[The U.S. prohibits the secondary market from trading some sovereign debt issued by Russia]The U.S. Department of the Treasury’s Office of Foreign Assets Control issued a statement saying that a new ban on participation in the secondary market of Russian sovereign debt issued after March 1, 2022 will be implemented. The ban applies to bonds issued by the Central Bank of the Russian Federation, the State Wealth Fund of the Russian Federation and the Russian Ministry of Finance, and the statement said “these restrictions will significantly block Russia’s core channels for raising funds.” (Financial Association)
The U.S. Department of the Treasury’s Office of Foreign Assets Control issued a statement saying that it imposed a new ban on secondary market participation in Russian sovereign debt issued after March 1, 2022.Ban applies to the Central Committee of the Russian FederationBankthe national wealth of the Russian Federationfundand bonds issued by the Russian Ministry of Finance, the statement said “these restrictions will significantly block Russia’s core channels for raising funds.”
(Article source: Financial Associated Press)