Are my Russian bonds after the sanctions now worthless?


I have invested in the Vanguard Emerging Market US bond ETF. This holds about 3.5% Russian government bonds. After the Biden sanctions: is this now a total loss for the fund and me? The price “only” crashed 1.2% today, so I ask.

How do the new sanctions work? Are already purchased Russian bonds still allowed to be traded and interest payments received? Is it just that no new government bonds may be emitted?

This is the ETF: https://investor.vanguard.com/etf/profile/portfolio/vwob

Disclosure: I've invested around 1000$ in this ETF.


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