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Emerging MarketsEM CEE

Russia Railways’ Yakunin added to US sanctions list but bond market remains tolerant

Russian Railways’ chairman of the board Vladimir Yakunin has been added to the list of individuals subject to US sanctions. But investors in the state-owned company seemed reluctant to single the company out for punishment as a result, with its new bonds only selling off around 30bp since yesterday morning, in line with other Russian bonds such as Gazprom.

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