The US, the EU and Japan have all taken steps to restrict Russia’s capacity to borrow on international markets.
“We’ve cut off Russia’s government from Western financing,” Biden said. “It can no longer raise money from the West and cannot trade in its new debt on our markets or European markets either.”
Von der Leyen said: “We are limiting the Russian government’s ability to raise capital on the EU’s financial markets. We will make it as difficult as possible for the Kremlin to pursue its aggressive actions.”
Japanese Prime Minister Fumio Kishida also prohibited the issuance of Russian bonds in Japan.