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Emerging MarketsEM CEE

Muted reaction to Russian sanctions, US withholds local debt option

AdobeStock_Russia_sanctions_575x375_01Feb2021

The US this week confirmed it would follow the EU and sanction certain Russian individuals in connection with the poisoning of prominent opposition leader and Kremlin critic Alexei Navalny. The announcements did not move markets, and are a far cry from the worst-case scenario some had feared.

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