The share of Russian non-residents' investments in Federal Loan Bonds (FLB) decreased by 1.8% in March 2021. After the corresponding changes, it stands at 20.2%, according to the Bank of Russia.
The US has long been discussing the imposition of sanctions against Russian government debt. It is likely that a number of US financial institutions will not be able to buy Russian government bonds on the primary market.
Moscow, for its part, is developing a series of measures to mitigate the impact of US sanctions against sovereign debt.
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Experts predict that this will result in a situation in which the share of non-residents among FLB holders will continue to decline.
Photo: from open sources