Major Wall Street banks, including JPMorgan, Barclays Plc and Citigroup Inc., are offering to facilitate trading in Russian corporate debt and government bonds

Such proposals appeared after instructions from the US Treasury Department, which allowed American owners to wind down their positions.

The U.S. Treasury Department has tightened financial sanctions against Russia, and now U.S. firms can hold or sell Russian debt, but cannot buy it.

The rules apply to corporate and sovereign debt, as well as shares.

Photo: CityAM