Appetite seen undimmed for Russian deals despite Cyprus problem
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Emerging Markets

Appetite seen undimmed for Russian deals despite Cyprus problem

The spreads of Russia’s bonds jumped on Monday as investors saw the terms of and reaction to a bailout package for Cyprus. Not only has the situation brought the eurozone’s woes to the fore once again — and is risking a contagion effect to the emerging markets — but Russia’s banks and corporates have billions of dollars of direct exposure to the country.

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