VTB pushing dim sum for Russian borrowers

VTB Capital is encouraging Russian borrowers to consider the dim sum market as a supplementary source of funding because their access to core markets has been restricted since the US imposed sanctions in April. However, the potential scale of the dim sum market is limited.

  • By Lewis McLellan
  • 03 Dec 2018

The imposition of sanctions on some Russian individuals and entities by the US has left the dollar market inaccessible to most Russian borrowers. 

Even in euros, only Gazprom and the sovereign have so far tested the waters since the sanctions were imposed in April this year.

As a result, many ...

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