US Treasury bans Americans from buying Russian stocks and bonds
US President Joe Biden's administration has issued new investment restrictions that prohibit Americans from buying Russian stocks and bonds, News.az reports citing Gazeta.ru.
The ban is the latest step by US officials to crank up the financial pressure on Russia in response to Moscow’s invasion of Ukraine.
According to new guidance issued Monday by the Treasury Department, US investors are prohibited from buying “both new and existing debt and equity securities issued by an entity in the Russian Federation.”
Up until now, Americans were able to buy Russian stocks and bonds that change hands in secondary markets.
Americans will still be allowed to sell Russian stocks and bonds, although only to a “non-US person,” the Treasury said. Americans are not “required” to divest Russian securities and may continue to hold them, according to the guidance.
And US investors can also still invest in US funds that own Russian securities, as long as those Russian holdings are not the bulk of the fund’s assets.