U.S. investors are prohibited from buying both new and existing debt and equity securities issued by an entity in the Russian Federation, according to new Treasury Department guidance.
The guidance released Monday clarifies that executive orders signed this year by President Joe Biden encompass bans on Americans purchasing all Russian debt and Russian company shares.
U.S. investors are still allowed to hold Russian securities they already hold and purchasing shares in a U.S. fund that contains Russian debt or equity securities generally would not be considered a prohibited "new investment," under the respective executive orders, the guidance noted.
The Biden administration through executive orders has levied wide-ranging sanctions against Russia in recent months following the country's invasion of Ukraine.
