US investors can have Russian bonds and sell them as well, but they are not allowed to buy them on the secondary market. The purchase ban applies to both government and corporate bonds.
The U.S. Treasury has strengthened its interpretation of Russia’s debt sanctions regime by banning U.S. investors from buying Russian sovereign and corporate bonds on the secondary market. This was reported by Interfax-Ukraine with reference to Bloomberg.
The ban on buying Russian government bonds in the secondary market is part of the package of sanctions announced by the US in February.
On Monday, June 7, OFAC published official clarifications to this ban. U.S. investors can have Russian bonds and sell them as well, but are not allowed to buy them on the secondary market, the official said. The purchase ban applies to both government and corporate bonds.
According to the agency, the explanation surprised investors, as a result, trading almost stopped on Tuesday, and forced market participants to ask lawyers how to properly interpret the extension of restrictions.
Remember that the United States wants to leave Russia’s uranium.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.