a sign outside the headquarters of jp morgan chase  co in new york september 19 2013 reutersmike segar london feb 23 reuters  jpmorgans emerging market strategists said on wednesday that new us sanctions on russian sovereign debt announced this week were likely to have limited implications for the international investors that already hold them they added that the new measures which introduce restrictions on secondary market trading of rouble and nonroubledenominated debt issued after march 1 were unlikely to see bonds ejected from key debt indexes as the curbs did not apply to bonds already issued and in circulation we see limited implications for existing nonresident eurobond holders jpmorgans analysts said in a note to clients as existing bonds can still be traded in the secondary market index exclusion considerations are immaterial at this point in our view as eligibility continues to be subject to liquidity and accessibility assessments they added jpmorgan also said that its emerging market client survey had shown nonresident positioning in russian eurobonds looked light investors have maintained a firm uw stance since 2018 with our latest results standing out at the most uw level in the survey’s history which began in 2001