‘Russia’s Rubicon crossed’ after Biden sanctions
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Emerging Markets

‘Russia’s Rubicon crossed’ after Biden sanctions

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Equity and debt markets were fretting on Thursday over the implications of new US sanctions against Russia. A prohibition of US investment in Russian sovereign bonds marked an escalation in tensions, threatening sovereign borrowing costs. It could also damage Russian companies’ chances of funding in the capital markets, write Mariam Meskin and Sam Kerr.

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