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Opinion Column by Stephen Lendman
Theresa May to Ban Russian Sovereign Debt Sales in UK?
by Stephen Lendman (stephenlendman.org – Home – Stephen Lendman)
Is this the next shoe to drop? Will the Trump administration follow suit, officials of both countries pressuring others to impose a similar ban?
Theresa May reportedly is considering a UK ban on Russian sovereign debt, escalated economic war if imposed, perhaps further illegal sanctions on Russian individuals and entities at the same time.
According to Harvard Society of Fellows research fellow Emile Simpson, "Russia can borrow in EU and US capital markets despite western sanctions and then can support the sanctioned Kremlin-linked banks and energy companies that can no longer do so."
UK parliament's foreign affairs select committee chairman Tom Tugendhat called for closing a loophole, letting Russian banks sell eurobonds to finance the country's sovereign debt, saying:
"One of the ways that people are g
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