https://www.nbcnews.com/politics/politics-news/goldman-sachs-profits-ukraine-war-loophole-sanctions-rcna19584

Goldman Sachs, the giant New York investment bank, is cashing in on the war in Ukraine by selling Russian debt to U.S. hedge funds — and using a legal loophole in the Biden administration’s sanctions to do it.

why would there be any loopholes in over-arching sanctions?
10% for the “big guy”

May the Jews suck every last cent out of those Slavic shitlords.

Why the fuck would any1 still buy Russian debt at this point?

Joe Biden - Wake Up!
https://www.bitchute.com/video/ZqCizwK4oZzG/

bitchute/10


Legit - you should see if Bitchute is taken on jsp as a user name. - its not taken yet.



This post was edited by Cascadian on Mar 12 2022 07:06pm

i love moves like that, gotta go in when there is blood in the streets (in terms of the market)

i got a 4X on a coal ETF during covid, because i bought in when nobody wanted it and then the market picked up again

good one for you

aww dam you must of already got it

This post was edited by TiStuff on Mar 12 2022 08:33pm

That was a relatively safe bet though. It was always likely that the global economy would rebound after the initial covid shock, and the demand for fossils with it.

Russian debt might well default or suffer from shenanigans. Something like the Russians telling their creditors that they will only pay in roubles, or that the Western sanctions prevent them from paying their debt in all the foreign currency they get from their gas sales ("complain at your own government, they are the ones making it impossible for us to pay"). Also, options, ETFs or other investment in Russian bonds might become extremely difficult to trade to someone else, which should also diminish their value.

All true, but at the same time, most Russian debt / assets are being priced like they're worth nothing. If things do turn around, we're talking about multiples in the other direction.

But then we're talking about more or less generic junk bonds (or worse: derivatives based on junk bonds).

I see no reason to prefer this specific type of junk bond over others. Since the status of the Russian bonds and securities is diminished by political will, rather than bad economic fundamentals, it basically comes down to if you think you can predict the military and political future with higher accuracy than cookie-cutter economics. If I had to guess, I would say that the vast majority of investors can't do that and would thus be better off looking elsewhere for their speculative investment.