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Emerging MarketsEM CEE

Russia expected in dollars and RMB, but sanctions worry raised

Russia welcome back 230x150

Currency and tenor have been left open in the RFP for Russia’s first sovereign bond since 2013. Recommendations to print in dollars are expected to dominate and some have said that a renminbi tranche is a possibility. But the RFP has aroused suspicion that it could be a ruse to raise funding for sanctioned entities.

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