RT.com
16 Aug 2022, 16:13 GMT+10
The US government has authorized allowing holders to dispose of their assets
Several major US banks have restarted facilitating trades in Russian debt obligations after getting a green light from Washington, Reuters reported on Monday, citing bank documents.
According to the report, Wall Street giants JPMorgan Chase, Bank of America, Citigroup, Deutsche Bank, Barclays and Jefferies have so far "cautiously returned to the market for Russian government and corporate bonds."
The news come after the US Treasury published guidelines in July that allowed US banks to facilitate, clear and settle transactions with Russian securities if it helped US holders to gradually dispose of them.
Prior to that, the majority of US and European banks had stopped working with Russian securities after the Treasury imposed a ban on transactions with Russian assets as part of economic sanctions on Moscow.
Bank of America, Barclays, Citi and JPMorgan declined to comment on the report when asked by Reuters.
A Jefferies spokesperson told the news outlet the bank was "working within global sanctions guidelines to facilitate our clients' needs to navigate this complicated situation," while a source at Deutsche Bank said the financial institution works with Russian securities on a case-by-case basis.
For more stories on economy & finance visit RT's business section
(RT.com)
Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationDUBAI, UAE - The bustling real estate market in Dubai has surged to unprecedented heights, reporting transactions valued at over ...
ANKARA, Turkey: During a meeting, Michael Evans, President of the Alibaba Group, told Turkish President Tayyip Erdogan that the Chinese ...
LONDON, UK: In a deal aimed at securing the future of the British steel industry, the United Kingdom (UK) government ...
BERLIN, Germany: Mercedes-Benz has been warned that Germany could issue a recall for some autos found to have pollution-defeat devices ...
ABU DHABI, 22nd September, 2023 (WAM) -- Etihad Airways is doubling its daily flights between Abu Dhabi and Kuala Lumpur, ...
U.S. Sen. Bob Menendez of New Jersey and his wife were indicted Friday on charges that they took bribes of ...
New York [US], September 23 (ANI): External Affairs Minister S Jaishankar on Friday (local time) held a meeting with counterparts ...
Kiev's forces reportedly fired Storm Shadow cruise missiles during its most-recent strikes on CrimeaUkraine used British-supplied Storm Shadow missiles to ...
washington - The European Union and its Western partners are grappling with how to maintain diplomatic relations in the Sahel ...
The United States is the only Western nation among the world's 50 most conflict-ridden countries, according to new research that ...
INSTANBUL - As the Turkish government has stepped up its pledges to protect family values, members of the LGBTQ community ...
Washington, DC [US], September 23 (ANI): The I2U2 group of India, Israel, the United Arab Emirates and the United States ...