US sanctions against Russian government debt came into force

Moreover, the ban does not apply to the secondary securities market. Therefore, US financial institutions, in principle, can buy bonds from other players until the measures are tightened. Previously, only one sanctions restriction was in effect with respect to the Russian government debt: since August 2019, American investors cannot participate in the initial offerings of sovereign Eurobonds.

Recall that US President Joe Biden signed a decree on new sanctions on Russia's public debt in mid-April 2021. Washington explained their "decisive response" to the "sabotage actions of Russia abroad". As of January 1, 2021, US investors held 6.9% of all outstanding federal loan bonds - about 200 billion rubles.