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U.S. Treasury warns about possible negative consequences of sanctioning Russian sovereign debt
09:10, 3 February 2018
U.S. Treasury warns about possible negative consequences of sanctioning Russian sovereign debt

Broadening sanctions could harm U.S. investors and businesses

09:10, 3 February 2018

Open source

Introducing new sanctions against the Russian sovereign debt could have a negative impact not only on Russian economy but also the American investors and their assets, the report of the U.S. Department of Treasury disclosed by Bloomberg said.

The report says sanctions against the sovereign debt market would put downward pressure on Russian economic growth, increase strain on the banking sector and “lead to Russian retaliation against U.S. interests.”

“Given the size of Russia’s economy, its interconnectedness and prevalence in global asset markets, and the likely over-compliance by global firms to U.S. sanctions, the magnitude and scope of consequences from expanding sanctions to sovereign debt and derivatives is uncertain and the effects could be borne by both the Russian Federation and U.S. investors and businesses,” the report finds.

Related: Ukraine joins extension of EU anti-Russian sanctions

Related: U.S. may impose sanctions against companies having business with Russian defense enterprises

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