In ACRE assessed the impact of possible U.S. sanctions on Russia’s state debt


The Russian coat of arms on the coin.

В АКРА оценили влияние возможных санкций США на госдолг России
Vladimir Astapkovich

MOSCOW, 25 Oct — the ruble Cost of borrowing for the Russian Federation will increase by 0.5-0.7 percentage points, in the case of sanctions on purchase of U.S. new issues of Russian debt securities, stated in the updated macroeconomic forecast of the ACRE for the Russian Federation.

“Introduction in November of the current year authorized the purchase by US residents of new issues of Russian debt securities, we estimate how probable an event. Our assessment of the long-term effect of the introduction of restrictions on the purchase of Russian debt — shift up by 0.5–0.7 percentage points of the cost of ruble borrowings of the state by reducing the base of potential investors relative to the case without restrictions,” — says the document, which is available to

According to the Agency, this measure does not affect the interests of Americans who invest in Russian bonds if they hold previously issued debt of the Russian Federation prior to its maturity. “Moreover, from the beginning to the end of summer about a quarter of the holders of, the United States sold their bonds. By November they will probably remain even less”, — analysts say.

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