Economics
Treasury Warns of Upheaval If U.S. Sanctions Russian Debt
- Investors interpret as signal Trump won’t target Russia bonds
- Treasury official says restricting bonds not ruled out
Tourists walk by The Kremlin in Moscow.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The U.S. Treasury Department warned that Russia’s sovereign debt market is too important to sanction without risking global financial turmoil, signaling the Trump administration is wary of targeting it for penalties.