Media: Washington has warned US banks from buying debt bonds of the Russian Federation

Media: Washington has warned US banks from buying debt bonds of the Russian Federation


NEW YORK, February 25. The U.S. government has encouraged some large us banks to refrain from buying Russian government bonds. This was reported by the newspaper The Wall Street Journal citing informed sources.

According to the publication, the credit institution has received a recommendation from the state Department and the U.S. Treasury in response to the inquiry about possible participation in the placement of Russian securities. In particular, the agencies indicated that such operations would be contrary to the policy of sanctions against Moscow.

Meanwhile, Russia was invited to participate in the placement of its bonds of such banks as Bank of America, Citigroup, Goldman Sachs, J. P. Morgan and Morgan Stanley, according to the sources of the newspaper.

As previously stated the Deputy Minister of Finance Sergei Storchak, the Russian budget for 2016 envisages the possibility of foreign loans in the amount of up to $3 billion. However, he stressed that the Ministry of Finance of Russia in terms of sanctions so far sees no possibility to enter foreign borrowing market.

See also

All sanctions of the West against Russia