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EU Matches US Sanctions on Russian Sovereign Debt

RUSSIA
  • EU MATCHES U.S. BAN ON RUSSIAN BONDS IN SANCTIONS PACKAGE
  • As noted earlier, this has a limited impact at this juncture due to Russia's robust sanctions damper mechanisms, but more aggressive measure remain on the table should Russia move deeper into Ukraine
  • New sanctions introduce restrictions into secondary trading of RUB and non-RUB denominated debt issued after March 1, expanding the set of prohibitions from April 2021, which banned US entities’ participation in primary local currency sovereign debt.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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