The U.S. Treasury believes that sanctions against the national debt of the Russian Federation will damage both Moscow and Washington
The Finance Ministry has warned that such a move could have “adverse implications for global markets and business.”
TASS, 2 Feb. The US Treasury Department warned that the proliferation of sanctions on the sovereign debt of Russia and the Russian derivative securities may lead to negative consequences not only for Russia but also for global financial markets and to American investors. This is stated in the report sent by the Ministry of Finance to the Congress of the USA, transfers on Friday Agency Bloomberg.
In the document of the Ministry of Finance said that such a move will have negative consequences not only for the Russian government and business but also can “serve as a barrier to the competitiveness of major U.S. companies on asset management”. The introduction of sanctions against Russian debt may have “adverse implications for global markets and business”, warns the Ministry of Finance.
The report also stated that the sanctions without the support of the European Union and other partners of the United States could undermine unity in the issue of anti-Russian restrictions.
The extension of sanctions on transactions in sovereign debt of Russia without similar measures from the EU and other partners of the United States could undermine efforts to maintain unity on sanctions against Russia. The U.S. Treasury
In the summer of endorsing the extension of sanctions against Russia, the United States made their distribution on the state debt of Russia — OFZ Eurobonds and derivatives.
The head of the Bank of Russia Elvira Nabiullina said that a possible future ban on buying Russian government bonds under us sanctions can cause “some” market volatility, but the effect will be short-term.
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