Goldman Sachs and JPMorgan start trading in rubles again after discussions between Russia and the United States
March 06, 2025
Sergey Varchenko
The largest U.S. banks began offering ruble operations after the start of negotiations between Russia and the United States.
The sudden possibility of reducing tensions between the United States and Russia, as well as the partial lifting of sanctions, led to increased activity in the trading departments of Western banks and investment companies.
Several leading investment banks began to offer derivative instruments to benefit from the growth of the ruble, and investors showed interest in forgotten operations with Russian bonds.
In recent weeks, Goldman Sachs and JPMorgan Chase have offered ruble-related derivatives, informed sources told Bloomberg.
Access to instruments in rubles for American and European investors is limited due to sanctions, but banks offer non-delivery forward contracts that allow you to speculate on changes in the ruble exchange rate. These operations are possible, as they do not involve Russian citizens and real assets.
Source: https://kompromat1.online/articles/317560-goldman_cachs_i_jpmorgan_snova_nachali_torgovlju_rublem_posle_obsuzhdenij_mezhdu_rossiej_i_ssha