Bloomberg Indices removes three bonds from indices following US sanctions

Exit planned for March 2022

Bloomberg Index Services has identified three of its index bonds that will be wound down following sanctions from the US.

In a statement to Investment Week the firm said it had assessed the impact of its global fixed income and equity index membership following US and UK sanctions on Russia made on 22 February. "Three index bonds subject to sanctions have been have identified," the group said. "General License No. 3 provides a wind down period for transactions involving VEB and its subsidiaries through 12:01 a.m. eastern daylight time, March 24, 2022." Market Movers Blog: Oil surpasses $100 as Russia launches full-scale military invasion of Ukraine On Tuesday US President Joe Biden announced measu...