Sovcomflot seeks dollars as Russia-Ukraine tensions mount

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Sovcomflot seeks dollars as Russia-Ukraine tensions mount

Alamy_Russian_troops_575x375_13April2021
2F46J9R Crimea, Russia. 19th Mar, 2021. Servicemen are seen at a command point during an exercise held by units of the Novorossiysk guards mountain air assault division of the Russian Airborne Troops at Opuk range. Credit: Sergei Malgavko/TASS/Alamy Live News | Alamy Stock Photo

Sovcomflot, the shipping company majority-owned by the Russian state, is planning to enter the debt capital markets. But the dollar bond mandate comes at a tricky time as military escalation between Russia and Ukraine has caused investor confidence of assets on both sides to fall.

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