The media learned about the risk of US sanctions on the secondary market for Russian debt securities Washington may ban access to US

financial institutionsto the secondary market of ruble bonds.While the administration is assessing the effect of the sanctions imposed two days earlier usd/RUB USD/RUB₽75,818 -0,66% Buy Ministry of Finance of the Russian Federation SU25083RMFS5₽1,036.3 +0,01% Buy

The US administration is evaluating the effect of the sanctions imposed on the Russian public debt and admits the possibility of expanding pressure measures. In particular, Washington may block the access of US financial institutions to the secondary market for ruble bonds of Russian state-owned banks, BLOOMBERG reports citing sources. The White House did not comment on the agency's data.

So far, within the framework of sanctions, US financial institutions are prohibited from participating only in primary placements of bonds of the Ministry of Finance and the Central Bank, regardless of the issue currency. This applies to securities that will be issued after June 14, 2021. In addition, US and EU sectoral sanctions prohibit Americans and Europeans from investing in long-term bonds issued by five Russian financial institutions (VTB, Sberbank, Gazprombank, Rosselkhozbank, VEB.RF).

RUSSIA responded to US sanctions. Main Politics

According to the agency, President Joe Biden may expand sanctions if the Kremlin does not stop hacking and attempts to interfere in the US political process. Russia has repeatedly denied these accusations.

Washington is also assessing the impact of sanctions on global markets, including the ruble, and is monitoring any changes in the number of holders of Russian ruble bonds, Bloomberg reports. According to the publication's sources, the decisions of the Central Bank on interest rates will also be important when deciding on sanctions.