US not to expand sanctions against Russian sovereign debt market

In accordance with section 242 of the Countering America’s Adversaries Through Sanctions Act of 2017 (CAATSA), the US Treasury has issued a Report addressing the potential effects of expanding sanctions under Directive 1 (issued by Executive Order 13662) to include new Russian sovereign debt and related derivative products. The Report – which is not a binding sanctions decision – concludes: “given the size...