Russian sanctions to ease but big fears linger

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Russian sanctions to ease but big fears linger

Russian Bear
MOSCOW, RUSSIA - JUNE 22, 2018: Rusal President Oleg Deripaska seen during a meeting of Russia's President Vladimir Putin with South Korea's President Moon Jae-in at Moscow's Kremlin. Mikhail Metzel/TASS | Mikhail Metzel/Tass/PA Images

The US Senate on Wednesday rejected legislation that would keep sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminium firm and bond issuer Rusal and London-listed energy company En+. Although many investors and bankers are hailing this as a victory for Russia that could reopen the international capital markets for its issuers, others are concerned that it makes further US sanctions against other Russian entities more likely. Francesca Young and Sam Kerr report.

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