FinMin sees limited impact from potential US ban on investments in Russian debt

The FinMin estimates that the effect of a potential US ban on buying Russian sovereign debt will be limited, senior FinMin official Kazakevich said in a debt-related conference on Thursday. The FinMin believes that the US will not impose such drastic measures, because this will lead to direct financial losses for many US investors. If these plans materialize, however, the FinMin expects that yields may go up for a short period and stabilize not more than 40-50bps above current levels. This is similar to CBR estimates, while market analysts recently forecast that the yield curve may move up by between 50bps and 150bps.

 

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