Resistance: Russia answers to possible swift cutoff, a ban on the sale of US debt

Pushback: Russia Has Answers to Possible SWIFT Cutoff, Debt Sale Ban by US

In Russia everything is possible, you need to survive any sanctions the US might want to hit it, not to toe the line of Washington.

The Kremlin and the Russian government are working on protective measures to minimize the impact of possible new sanctions by the US and its allies, RBC.

Scenario, expected sanctions may include a ban on buying Russian sovereign debt, the potential of off Russia from the interbank services via swift money transfer and restrictive measures in relation to Sberbank and VTB Bank, RBC reported, citing government sources.

Potential US sanctions against Russian sovereign debt may include a prohibition on investments by U.S. residents in the Russian debt instruments (OFZ) and much tougher, the extraterritorial, the ban, which will apply to all Russian and foreign legal entities.

Even if he is not able to punish anyone outside the jurisdiction of the United States, Washington continues to threaten their so-called secondary sanctions in relations with the Russian OFZ.

“To defend against possible US sanctions, the Russian authorities are considering the possibility of creating a special Bank for the purchase of OFZ and classification the names of those who will buy them”, – RBC quotes the sources as saying.

The government was also considering measures to stimulate Russian people to purchase BFL.

On Monday, the Washington Post writes that President Donald trump has decided to postpone the planned introduction of new sanctions against Russia.

April 11, Treasury Secretary Steven Mnuchin reiterated its rejection of the proposed ban on Russian sovereign debt, which he sees as impractical and inappropriate.

According to the Russian Central Bank, foreign investors account for more than $ 32 billion Russian OFZ.

Sourse: sputniknews.com

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