US Treasury Prohibits Purchase of Russian Bonds and Stocks in Secondary Markets

[Asia Economy New York=Special Correspondent Joselgina] Following the U.S. Treasury Department's ban on U.S. citizens from purchasing newly issued Russian bonds and stocks, it has now prohibited the purchase of all Russian bonds and stocks in the secondary market as well.

According to major foreign media on the 7th (local time), the Treasury Department announced through guidelines posted on its website the previous day that it is banning investments by U.S. citizens in all Russian corporate stocks and bonds.

However, it is still possible to sell or continue holding Russian bonds and stocks already owned. Purchasing U.S.-listed exchange-traded funds (ETFs) that include Russian bonds or stocks is also permitted.

The Treasury Department explained that this measure is "to prevent Russian financial assets from being used to continue the brutal war against Ukraine."

According to Morgan Stanley, the size of Russian government and corporate bonds circulating in the international market was approximately $472 billion (about 593 trillion won) as of early this year, ranking fourth after Mexico, Indonesia, and Turkey.

This content was produced with the assistance of AI translation services.