Will a new punishment come upon Russia from America?

Will a new punishment come upon Russia from America?

The U.S. House of Representatives adopted an amendment to the 2020 defence draft, halting operations with Russian sovereign debt in order to <x0-contact” Russia for involvement in past US presidential elections. About the Russian state's anti-debt measures in the US has been discussed since last year. Experts have [...]

About the Russian state's anti-debt measures in the US has been discussed since last year. Experts have highlighted two possible scenarios prohibiting already issued obligations of a federal loan or stopping those new ones.

The first option has been rated as the most dangerous and at the same time less likely. A complete ban would cause serious losses for American and European financial companies, so it is expected that the influential banking lobby in Congress would strongly protest such a law.

However, according to congressmen, Washington must have an instrument that will condemn Russia for intervention in the election, so it continued to propose restrictions on operations with Russian-based letters.

A version adopted by the Lower Chamber can be seen as a compromise between politicians and funders a ban is imposed only on new federal loan obligations.

In addition, the document for the first time envisions a mechanism to lift restrictions, if the administration acknowledges that Russia has not intervened in the elections, so the president, in his discretion, without consultations with Congress, can suspend sanctions at any time, writes foreign media.

According to one of the authors of the amendment, Democrat Congressman Brad Sherman, these are really serious sanctions against Russia.

Experts believe the ban will undoubtedly affect the Russian financial market, but in the short term. Investors estimate there is no reason for panic. The write-off of economic debts will not deteriorate, as the state reserves (518 billion dollars) compensate for the full external debt (482 billion).

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