Thursday , March 28 2024
Kwork.ru - услуги фрилансеров от 500 руб.
Home / WORLD / Wall Street re-launches Russian bond trading – Reuters

Wall Street re-launches Russian bond trading – Reuters

Several major US banks have restarted facilitating trades in Russian debt obligations after getting a green light from Washington, Reuters reported on Monday, citing bank documents.

According to the report, Wall Street giants JPMorgan Chase, Bank of America, Citigroup, Deutsche Bank, Barclays and Jefferies have so far “cautiously returned to the market for Russian government and corporate bonds.

Kwork.ru - услуги фрилансеров от 500 руб.

The news come after the US Treasury published guidelines in July that allowed US banks to facilitate, clear and settle transactions with Russian securities if it helped US holders to gradually dispose of them.

Prior to that, the majority of US and European banks had stopped working with Russian securities after the Treasury imposed a ban on transactions with Russian assets as part of economic sanctions on Moscow.

Bank of America, Barclays, Citi and JPMorgan declined to comment on the report when asked by Reuters.

READ MORE: Wall Street is collapsing – NYC mayor

A Jefferies spokesperson told the news outlet the bank was “working within global sanctions guidelines to facilitate our clients’ needs to navigate this complicated situation,” while a source at Deutsche Bank said the financial institution works with Russian securities on a case-by-case basis.

For more stories on economy & finance visit RT’s business section

© 2022, paradox. All rights reserved.

Check Also

Moscow concert hall death toll reaches 140

A person seriously hurt in the terrorist attack near Moscow last Friday has died from …

Leave a Reply

Your email address will not be published. Required fields are marked *