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Emerging MarketsEM CEE

Russia reaches out to Asia to side-step funding freeze

moscow at night px230

A new Russian effort to side-step closed Western bond markets is to begin with an imminent Asian roadshow by Gazprom, according to a source close to the blue chip. Rusagro, Russian Agricultural Bank, Alrosa and Sberbank are among other Russian borrowers also considering turning to Asia for financing, according to London-based syndicate officials.

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