Economy14.06.2022 - 10:17

Two major US banks JPMorgan and Goldman Sachs have suspended operations on Russian debt

American banks JPMorgan Chase and Goldman Sachs were still trading Russian debt in June, but stopped after a corresponding instruction from the US Treasury.

Фото: from open sources

According to Bloomberg, one of the largest banks of the United States, JPMorgan Chase and Goldman Sachs, stopped operations on the Russian state debt.

The said financial organizations were still trading Russian debt earlier in June, but after instructions from the US Treasury Department, they suspended all operations in this area.

Earlier, the Russian Ministry of Finance said that Russia would continue to meet its obligations under the external government debt, despite the refusal of the US colleagues to renew the licence for its servicing; payments would be made in roubles. The head of the Ministry Anton Siluanov stressed that even in case of finding a way to declare a technical default on Russia, it would not affect the Russian economy.

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