Press review: Congress takes aim at Russian debt market and why the US wants Kazakhstan | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Press review: Congress takes aim at Russian debt market and why the US wants Kazakhstan

A new bill has been submitted to the US House of Representatives. Apart from imposing restrictions on individuals, it also bans American investors from purchasing new issues of Russian bonds in the secondary market, Izvestia writes.

Talk about American sanctions against Russia's sovereign debt had been going on for several years before restrictions were actually introduced following the ascent of Joe Biden and his administration to the White House, who prohibited US financial institutions from participating in the primary market for the Russian sovereign debt in April. Following the ban, foreign investors started to reduce their portfolios of Russian government bonds, but the trend reversed in September and foreign investment in the sector grew by 20%. Foreign investors flocked to the Russian financial market largely out of confidence that high tensions between Moscow and Washington were over and there wouldn’t be any harsher sanctions. However, doubts have now returned.

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