ECONOMY

Russia dollar bonds fall on US sanctions move

A woman walks past a board listing foreign currency rates against the Russian ruble in Moscow, on January 21, 2016. (File photo: AFP)

Russian sovereign dollar bonds fell across the curve on Thursday, with some issues tumbling as much as 1.7 cents after Washington said it would impose more sanctions on Moscow by end-August.

The 2043 issue fell 1.7 cents to 105.25 cents in the dollar according to Tradeweb, its lowest since June 22. The 2029 Eurobond fell 1.15 cents to 93.14 cents.

The US sanctions will cover sensitive national-security controlled goods, and follow the poisoning of a former Russian agent and his daughter on British soil, in which Moscow has denied involvement. Russia called the sanctions draconian.
 

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Last Update: Thursday, 9 August 2018 KSA 13:26 - GMT 10:26
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