THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.
The United States is introducing a ban on the purchase on the secondary market of government bonds issued by the Russian Ministry of Finance, the Bank of Russia or the National Welfare Fund after March 1, 2022. Such a measure is included in the package of sanctions adopted in connection with Russia’s recognition of the independence of the Donbass republics.
As the US Treasury Department said in a statement, “increasing restrictions on sovereign debt further cut Russia off from sources of cash flow to finance government and President Putin’s priorities, including a further invasion of Ukraine.”
American restrictions on the purchase of new Russian government debt were first introduced in 2019, but they still did not include a ban on participation in the secondary circulation of OFZs. However, now measures against the OFZ secondary market have not been implemented in the most stringent version, since they do not require American financial institutions to get rid of “old” bonds placed before the sanctions on the “primary”, Interfax notes.
Recall that earlier the Foreign Ministers of the EU countries and the G7 countries agreed on a new package of sanctions against Russia. They will affect several Russian banks, 351 State Duma deputies and a number of other persons. The package of these sanctions was supplemented by Germany’s decision to suspend the Nord Stream 2 certification procedure.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
