The Russian authorities have found a way to secure the national debt if US sanctions are imposed on it. In particular, the Russian Ministry of Finance will negotiate with the Central Bank on providing banks with liquidity for the purchase of OFZs, said the head of the ministry, Anton Siluanov. This is reported by TASS.
According to Siluanov, if Washington imposes sanctions on the national debt, Russia will finance all running costs.
Earlier on Wednesday, March 17, the United States announced new trade sanctions against Russia. From March 18, Washington will restrict the export and re-export to Russia of equipment, technologies and software related to national security.
The United States believes that Russia is involved in two cases of the use of chemical weapons: the first concerns the situation around Alexei Navalny (founder of the Anti-Corruption Fund, included by the Ministry of Justice in the register of organizations performing the functions of a foreign agent), the second – the poisoning of Sergei Skripal and his daughter In Great Britain. Russia denies all such accusations.
The new sanctions are a continuation of the restrictive measures introduced in early March. Within three months, the restrictions may be further expanded, and then the Russian national debt is at risk of being threatened. Already in June, Washington may impose a ban on lending to government agencies of the violating country by American banks, that is, completely ban the work with the Russian state debt.
The Kremlin, speaking about the risks due to the sanctions, noted that Russia will have to take the necessary measures to minimize the consequences of them.