VEB hopeful syndicated loans are not included in sanctions, renminbi option open but not imminent
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Emerging MarketsCEE

VEB hopeful syndicated loans are not included in sanctions, renminbi option open but not imminent

Sanctioned Russian development bank Vnesheconombank is hopeful that syndicated loans will not be included in the list of sanctions, and in bonds it could look to turn to the Chinese renminbi or Russian domestic market for funding, said one source at the bank.

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