The title of the article is misleading. The narrow exception is only for investors who wish to liquidate and wind down their Russian bond positions. I see no problem with that.JPMorgan, BofA Are Among Banks Moving Back Into Russian Bond Trading
JPMorgan, BofA Are Among Banks Moving Back Into Russian Bond Trading
www.bloomberg.com
Seems the rich take care of themselves . Always exceptions made.
Banks are now willing to broker transactions after the Treasury Department said it’s not a violation of US sanctions for individuals to wind down their positions, adding clarity on an issue that’s confused many people in the market. Bank of America sent a note to investors last week saying the trades are for those seeking to exit Russian debt holdings.