Russia Debt: US Treasury says all buying of Russian debt and equity banned under sanctions

The US Treasury Department has advised US money managers that Washington’s sanctions on Moscow bar any secondary market purchases of debt or stocks...

The Treasury’s guidance published yesterday said executive orders imposing sanctions on Russia “prohibit US persons from purchasing both new and existing debt and equity securities issued by an entity in the Russian Federation.”“Consistent with our goal to deny Russia the financial resources it needs to continue its brutal war against Ukraine, Treasury has made clear that US persons are prohibited from making new investments in the success of Russia, including through purchases on the secondary market,” a Treasury spokesperson said.

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