THREAD: Reaction to new Trump Russia sanctions from Andrei Movchan (longtime Russian CEO and finance expert) of @CarnegieRussia: "It looks like the measures were chosen based on their harmlessness. The govt of Russia does not borrow from US banks and has no intention to." 1/
@CarnegieRussia "Neither does Russia borrow from international financial institutions such as IMF. Public debt is unaffected. After the announcement the Ruble did not move (even though it did lose about 3% after the Fed's rate cut)." 2/
@CarnegieRussia "That suggests that investors believe there will not be any restrictions on both local and USD-denominated Russian debt in the near future." END
