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Wall Street returns to Russian bond trading months after Moscow sanctions

Added 08-15-22 06:04:03am EST - “Investors now have another chance to get rid of assets widely seen in the West as toxic after several major Wall Street banks begun offering to facilitate trades in Russian debt.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “Wall Street returns to Russian bond trading months after Moscow sanctions”. Below is an excerpt from the article.

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Several Wall Street banks have started to offer to facilitate trades in Russian debt, allowing investors to get rid of assets viewed as toxic in the West, according to bank documents seen by Reuters.

In June, the Treasury Department banned U.S. investors from buying any Russian security as part of economic sanctions levied against Moscow for its war on Ukraine. This ban prompted most U.S. and European banks to pull back from the market.

After the Treasury released guidelines in July allowing U.S. holders to wind down their positions, the largest Wall Street banks have returned to the market for Russian government and corporate bonds.

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