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Hours before the Biden-Putin telephone call,

Wednesday, April 14, 2021

Bloomberg published a story noting that yields on ruble bonds had hit their highest level in a year. Asserting that US financial sanctions were likely, the story was headlined: “Putin’s Ukraine Gambit Turns Debt Sanctions Into a Real Threat.”

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Wednesday, April 14
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Sales of hryvnia bonds at yesterday’s government auction shriveled to the equivalent of $56.7 million - more than last week’s amount but 14% of the week before

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The news of President Biden’s invitation to President Putin to a bilateral summit

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