Basereporter.com August 2. The Russian currency could fall by 15% (up to about 72-73 rubles per dollar) if the US imposes sanctions against state debt to Russia. On it informs Agency Bloomberg referring to analysts from Citigroup.
According to them, this can happen if “worst case scenario” in which foreigners were forbidden to buy and hold bonds (OFZ) Russian Federation. The proliferation of sanctions on new issues of bonds will weaken the rouble by about 5%.
“Although the U.S. Congress is not considering any new sanctions risks associated with the fact that such restrictions can be implemented later, are still. Additional capital outflows associated with such a decision, may ultimately weaken the ruble”, – quotes Agency the message from analysts at Citigroup Ivan Corowa and Artem Sagrina.
In the summer of 2017 the United States has approved the extension of sanctions against Russia and made their distribution on the national debt of Russia – OFZ Eurobonds and derivatives. However, later the Ministry of Finance of the USA has warned that the proliferation of sanctions on the sovereign debt of Russia and the Russian derivative securities may lead to negative consequences not only for Russia but also for global financial markets and to American investors.