Otkritie ingenuity keeps Western lines open for Russian lenders

Throughout the last few months of the Crimea crisis, Russian Otkritie has carved out a new but strong business of acting as broker for structured loans between Russian corporates and Western lenders, allowing Western institutions to continue lending to their Russian clients, a senior banker at Otkritie told GlobalCapital Emerging Markets. However, Otkrities’s once thriving local and nascent international bond businesses are not faring quite as well as political tension and slower economic growth has taken its toll on Russia.