As Bloomberg reports, a growing number of Wall Street banks are ready to trade Russian bonds, which were previously considered inviolable.

It turned out that JPMorgan Chase & Co. and Bank of America Corp. are among several banks that have offered to facilitate corporate and sovereign debt transactions on behalf of clients, according to people familiar with the matter who asked not to be named.

“Betting on Russian-linked debt has sparked a heated discussion behind the scenes among industry professionals. Banks have also profited from promoting popular trade in the weeks following Russia’s attack on Ukraine – the so-called main deal, where investors buy bonds and credit default swaps. The agency reported. He said that “Russian foreign bonds are valued at about 20 cents on the dollar, noting that some of them are worth up to 17 cents on the dollar.”