hallo
US president Joe Biden has imposed sweeping sanctions against Russia including long-feared measures targeting its government debt in a sharp escalation of Washington’s confrontation with Moscow. The first anti-Russian measures from the Biden administration also included the expulsion of 10 Russian diplomats and sanctions against 38 entities, individuals and companies accused of taking part in efforts to interfere in US elections and conducting cyber attacks. On Wednesday, the US for the first time formally blamed SVR, Russia’s foreign intelligence service, for the SolarWinds hack, which affected at least nine federal agencies and 100 companies. One senior administration official told reporters the hack gave Russia “the ability to spy on or potentially disrupt more than 16,000 computer systems worldwide”. News of the measures sparked a sell-off in Russian assets and a warning from the Kremlin that the sanctions would harm efforts to reduce tensions between the two countries. The sanctions banned US financial institutions from trading in newly issued Russian state debt, known as OFZs, and bonds issued by the Russian central bank and National Wealth Fund. The ban affects debt issued after June 14. Comments are closed.
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PurposeMajor markets news headlines which captured the markets. Archives
March 2021
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