June 8, 2022
New U.S. Sanctions Bar Americans From Buying Russian Debt and Stocks
The Treasury Department has issued a new decree prohibiting money managers from trading in Russian debt or stocks in US secondary markets.
The latest round of sanctions comes as Washington attempts to further isolate Moscow in retaliation for its attack on Ukraine.
While a prior round of penalties barred Americans from directly buying Russian assets, the White House allowed trading to continue in secondary markets.
With the Treasury’s latest dictate on Monday, that exemption is now closed, though citizens will still be able to hold any previously owned Russian stocks or debt.
advertisement“Consistent with our goal to deny Russia the financial resources it needs to continue its brutal war against Ukraine, Treasury has made clear that US persons are prohibited from making new investments in the success of Russia, including through purchases on the secondary market,” a Treasury spokesperson said on Tuesday (June 7).
The stepped-up sanctions come amid a flurry of other Western penalties, which President Joe Biden has said are intended to cripple the Russian economy and harm its war effort.
