EU Matches U.S. Ban on Russian Bonds in Sanctions Package
- The limited measures could be approved later Wednesday
- Russian local-currency bonds have lost about 14% this year
The Spasskaya tower of the Kremlin, center, and Saint Basil's Cathedral, right, in Moscow, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
The European Union is set to ban the purchase of Russian government bonds as part of proposed sanctions following Moscow’s recognition of separatist regions in eastern Ukraine, a move that’s in line with new U.S. measures.
The sanctions will prohibit the purchase or sale of “transferable securities and money-market instruments issued” by Russia, its government, the Russian central bank or entities acting on the latter’s behalf, according to draft documents seen by Bloomberg.