Euro banknotes and coins. Archival photoMOSCOW, 17 Aug. European banks have resumed trading in Russian bonds after the US Treasury Department allowed investors to start liquidating positions last month, the Financial Times reported.
"According to people familiar with the situation, UBS, Barclays and Deutsche Bank re-allowed clients to sell Russian debt in line with similar moves by JPMorgan, Bank of America, Jefferies and Citigroup", the paper noted.
According to sources, other banks, including Credit Suisse and no decision has yet been made to re-enter the Russian debt market due to high risks. The management of the banks declined to comment on this issue. allowed a change of power in Europe due to the position of UkraineAfter the start of a special military operation to denazify and demilitarize Ukraine, the West increased sanctions pressure on Moscow. Restrictive measures primarily affected the banking sector and high-tech products. Many brands have announced they are pulling out of Russia. President Vladimir Putin has stressed that the policy of containing and weakening Russia is a long-term strategy for the West, and sanctions have dealt a severe blow to the entire global economy. According to him, the main goal of the United States and Europe is to worsen the lives of millions of people.