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Biden banned US banks from buying Russian bonds

Biden banned US banks from buying Russian bonds. As a result, the Russian ruble fell by up to two percent against the dollar.

Biden banned US banks from buying Russian bonds
Yazar: Tom Roberts

Yayınlanma: 17 Nisan 2021 06:29

Güncellenme: 22 Aralık 2024 08:44

Biden banned US banks from buying Russian bonds

Together with the expulsion of ten Russian diplomats and the imposition of sanctions on dozens of individuals and companies, it is a US response to Russia's interference in last year's US presidential election and to cyber attacks against US government agencies. However, Russia denies the allegations and considers them unfounded. The CNN portal informed about it. "It is undoubtedly a very fearless step on the part of Biden and a warning shot against Russia. The sanctions will make it more difficult for Russia to attract the foreign capital they desperately need, "analyst Win Thin, one of the leading analysts at the American investment bank Brown Brothers Harriman, told CNN. Later in Thursday, however, Russian markets initially reduced relatively large losses. Many investors believe that the consequences of the announced US actions will eventually be smaller than originally thought. According to Reuters, US banks will continue to be able to buy these bonds on secondary markets. The White House also announced on Thursday that the United States will expel ten Russian diplomats and impose sanctions on nearly forty individuals and companies. The new US sanctions concern six Russian companies that Washington says are involved in Russia's cyber activities, and 32 individuals and entities accused by the US of trying to influence last year's presidential election, including through misinformation. According to the Americans, hackers from Russia are behind a large-scale cyber attack on the software of the American company SolarWinds. Through this program, hackers could gain access to a number of networks of several federal agencies, ministries or major companies. "America's aggressive behavior will, of course, be rejected. A response to sanctions will be inevitable. Washington must realize that it will have to pay for the deterioration of bilateral relations. The responsibility for what is happening lies entirely with the United States of America, "said Maria Zakharova, a spokeswoman for the Russian Foreign Ministry, in response to the announced US sanctions.
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