‘Russia’s Rubicon crossed’ after Biden sanctions

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‘Russia’s Rubicon crossed’ after Biden sanctions

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T4RJYY Dorchester, Massachusetts, USA. 18th April, 2019. Former U.S. vice president and possible 2020 Democratic presidential candidate, Joe Biden, speaking to over 1,000 striking grocery store workers. Credit: Chuck Nacke/Alamy Live News | Alamy Stock Photo

Equity and debt markets were fretting on Thursday over the implications of new US sanctions against Russia. A prohibition of US investment in Russian sovereign bonds marked an escalation in tensions, threatening sovereign borrowing costs. It could also damage Russian companies’ chances of funding in the capital markets, write Mariam Meskin and Sam Kerr.

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