This aerial view taken with a drone on November 5, 2017 shows the Moscow City business district and the Moskva River. / AFP / DMITRY SEREBRYAKOV
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The popularity of Russian bonds among foreign investors might seem to make them vulnerable if U.S. sanctions force a mass exodus.In the view of Deputy Prime Minister Arkady Dvorkovich, the U.S. is acting "irrationally" and Russia must indeed be ready for sanctions on its debt.The U.S. Treasury's report on the subject published in February concluded that expanding sanctions to new Russian sovereign debt and derivatives would destabilize markets and spread beyond Russia to have "negative spillover effects into global financial markets and businesses".For Richard Segal, senior analyst at Manulife Asset Management in London, the chances of U.S. sanctions on Russian debt are the same or even lower than before, especially after the volatility unleashed in recent days.
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