Joint Stock Company Transneft in Moscow (Photo: AFP)

The Treasury cut the length of maturity of bonds issued by those companies that US individuals and institutions are allowed to trade. For Russian banks and other finance houses listed for sanctions, the only debt of 14 days or less issued after November 28 can be traded. Previously the allowed maturity was 30 days. For listed oil and gas firms, the maturity of permitted new debt was cut to 60 days from 90 days. The move hits major Russian banks and energy giants. The new order also reiterated the ban in trading new equity issued by the sanctioned firms.