Report: US may restrict deals with Russian bonds on secondary mkt

WASHINGTON, Apr 19 (PRIME) -- The administration of the U.S. President Joe Biden is considering expansion of anti-Russian sanctions to restrict operations with Russian bonds also on the secondary market, Bloomberg reported on April 17.

“The Biden administration is evaluating the impact of new sanctions on Russia and is prepared to escalate those penalties if the Kremlin fails to rein in hacking attacks and attempts to interfere with the U.S. political process, according to people familiar with the matter,” the news agency reported.

“Options available to President Joe Biden include expanding the measures… to bar U.S. financial institutions from the secondary market for ruble-denominated bonds issued by Russian state banks, said the people, who discussed the matter on condition of anonymity.”

Earlier in April, the U.S. introduced sanctions restricting operations with Russian bonds on the primary market for U.S. companies.

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