US sanctions against Russian sovereign debt entered into force

Washington announced in April, the sanction on a number of operations with Russian sovereign debt entered into force on Monday, 14 June. This is reported by TASS.

The American financial institutions from now on is prohibited to participate in operations on the primary market of ruble or non-government bonds issued after June 14, 2021 by the Central Bank of the Russian Federation, the National Welfare Fund of the Russian Federation or the Ministry of Finance of the Russian Federation. Also introduced a ban on lending ruble or non-root tools to these three organizations

restrictions apply only to the re-issued ruble sovereign debt obligations on the primary market, but not in the secondary market and not on the existing holders of sovereign debt obligations.

June 9, Russia claimed to enter into account before the entry into force of the new sanctions in the United States, placing the bonds of the federal loan (OFZ) record over the past two months. Two auction was conducted on the placement of OFZ. As a result, nine-year-old paper was placed with a total of 20.9 billion rubles with a total demand of 40 billion. The yield of the issue, the denomination of which is indexed and tied to the rates of inflation, amounted to 2.75 percent per annum. During the second auction, an OFZ was placed with a period of 10 years and a permanent coupon by 61 billion rubles – with the total demand of 148 billion. The yield of papers was 7.39 percent per annum.

before Bloomberg reported that the United States, in addition to sanctions against Russian debt, will send ten Russian diplomats from the country and introduce new sanctions against individuals and legal entities from Russia. As it became known, restrictions will be superimposed on 20 Russian organizations and 12 Russians, including government and intelligence representatives. Such measures will be a response to the estimated intervention of Russia in the election of the President of the United States and the hacker attacks attributed to it through the SOLARWINDS software.

/Media reports.