US sanctions threaten freeze on Russian bonds – beyondbrics - Blogs - FT.com:
"US Ukraine-related sanctions threaten to bring the secondary market for Russian bonds to a standstill, the head of emerging market debt at BlackRock, the world’s biggest asset manager, has told beyondbrics.
Sergio Trigo Paz said his EM debt funds had sold all their holdings of Russian bonds, worth “hundreds of millions of dollars”, and that the market for Russian debt was “freezing up”.
“The glue of sanctions is starting to dry,” he said. “People thought sanctions were about visas for oligarchs wanting to visit Disneyland. But they are much more important and any US asset manager [owning Russian bonds] will have their legal people looking very closely at the impact of [Russian individuals and companies] being on the sanctions list.”"
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