Why the U.K. Won't Punish Russia by Going After Its Debt Markets
- Theresa May faces pressure from some lawmakers to target bonds
- U.K. can’t force Euroclear to refuse Russia clearing: Aberdeen
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As the U.K. mulls further action against Russia in response to a nerve agent attack on a former spy on British soil, the question of whether policymakers should go after the bond market is back on the table.
Prime Minister Theresa May is under pressure from some U.K. lawmakers to look into Russia’s sovereign debt. The issue is “extremely important” and officials are monitoring the matter very closely, Kremlin Spokesman Dmitry Peskov said on Thursday, shortly before Russia expelled diplomats from across Europe and the U.S. in retaliation against similar moves from Western governments.