LONDON - Russian bank and company bonds denominated in dollars and euros have slumped in value in the past few days in anticipation of tough European Union sanctions.
Russia's War Against Ukraine
Reuters: Russian dollar, euro corporate bonds slide on sanctions
EU policymakers will meet on July 29 to discuss whether to impose further sanctions, including the closure of capital markets within the 28-country bloc to majority state-owned Russian banks. The measures would not affect current supplies of oil, gas and other commodities from Russia.
