Russia Bans Payments to Foreigners Holding Rouble Bonds, Shares

Russia Bans Payments to Foreigners Holding Rouble Bonds, Shares
A Russian rouble banknote is seen in front of a descending and rising stock graph in this illustration taken on March 1, 2022. Dado Ruvic/Illustration/Reuters
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MOSCOW—Foreign investors are effectively stuck with their holdings of Russian stocks and rouble-denominated bonds after the central bank put a temporary halt on payments and major overseas’ settlement systems stopped accepting Russian assets.

Moscow is blocking foreign investors, who hold tens of billions of dollars worth of Russian stocks and bonds, from exiting after its invasion of Ukraine triggered a wave of economic sanctions and a haemorrhage of assets.