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Their 'trapped' assets are how they are paying the bonds, too. It puts the banks in a super difficult decision of enforce sanctions or steal from their customers. The sanctions board has quietly been approving all these transfers, so sanctions are in truth basically non existent.There are number of larger players (including JPM) who are telling investors to buy Russian stocks/bonds. It is risky as fuck but of course has lots of reward potential. This is one of the early signs that the Russia thing eventually gets worked out on the global stage.
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