Moscow Opens Bond Trades to Foreigners From ‘Not Hostile’ Countries

Russia has taken another step to ease restrictions that it adopted to protect its economy and financial markets from sanctions and other consequences of its invasion of Ukraine. Beginning Monday, investors from “countries that are not hostile” will be allowed to trade in Russia’s bond market, the Moscow Exchange said.

After the invasion began in late February, the value of Russian financial assets plummeted and then trading was halted on the Moscow Exchange. About a month later, limited trading in domestic bonds returned for investors in Russia, and slowly more trading was permitted. But now, amid a complex web of rules, trading in the bond market, which includes government and corporate debt, has been opened up to some foreigners.

Access to the Moscow Exchange for bond trading will be limited to nations that Russia considers friendly. Investors from “unfriendly nations” — a group that includes the United States, European Union, Japan, Australia and Canada, which are…

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This article was written by Eshe Nelson and originally published on www.nytimes.com