Russia activates defences to shield $1.5 trillion economy
A slew of economic sanctions has caused the rouble to plummet to a record low.
Stay updated with breaking news from Rencap Donets. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
A slew of economic sanctions has caused the rouble to plummet to a record low.
The best uncensored news, information, and analysis.
That reaction suggests Washington’s ban on U.S. investors buying new Russian rouble bonds – OFZs as they are known – is being perceived as yet another annoyance for a market that’s coped for years with sanctions risk. Investors had feared “nuclear” options such as barring U.S. firms completely from rouble debt or cutting Russia out of international money-transfer systems. Those may yet come to pass. But for now, U.S. funds can buy the bonds in secondary markets, which is what most of them already do. Yet many caution the U.S. move is an escalation from previous sanctions against ...
Analysis: No knockout, but new U.S. sanctions add to Russia's 'slow destruction' By Marc Jones, Sujata Rao and Tom Arnold Reuters LONDON (Reuters) - For all the insouciance with which markets treated Washington's latest sanctions on Russia, its move to target Moscow's main funding avenue - the rouble bond market - has in some ways, crossed the Rubicon, potentially with far-reaching consequences. Drawing on experiences of sanctions imposed previously, including after the 2014 Ukraine crisis and the Mueller report on Russia's alleged U.S. election meddling, money managers haven't rushed to ...