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WSJ: US Sanctions Will Limit US Banks Trading OFZs, but Local Banks May Have A Solution

  • Wall Street Journal says US sanctions will expand existing prohibitions on U.S. banks trading in Russian government debt in terms of buying new bonds directly from Russia's central bank, finance ministry and the country's massive sovereign-wealth fund after June 14.
  • This provides the local banks with opportunities to buy OFZs at auctions for resale to offshore clients at a cost
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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