Media: two American banks have suspended operations on the public debt of Russia

JPMorgan Chase headquarters in New York, USA. File photoWASHINGTON, Jun 14 Some of the world's largest banks, US JPMorgan Chase and Goldman Sachs, have suspended operations servicing Russia's debt obligations, Bloomberg reports, citing sources.» Department of the Treasury Department of Foreign Assets Control (OFAC) and Goldman Sachs' curtailment of Russia-related activities, the firm will no longer conduct certain market-shaping operations with respect to Russian legal entities,» one of the two banks said in a statement. According to the agency, this decision was led by instructions from the US Treasury. At the same time, according to sources, in June these organizations were still conducting operations on Russian loans. The US Treasury had previously refused to renew the general license, which allowed Russia to service external debt under sanctions. The Russian department, in turn, reported that the decision of the American authorities, first of all, infringes on the rights of foreign investors and undermines confidence in the financial infrastructure of the West, and Moscow will continue to fulfill its obligations. The head of the Bank of Russia, Elvira Nabiullina, stressed that the country has enough resources to pay its debts.