Loans bankers fear sanctions will damage Russia market

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By Lewis McLellan, Mariam Meskin, Oliver West
07 Aug 2019

Emerging market loan bankers have been trying to understand the impact on syndicated lending of the US’s latest sanctions on Russia. The proscriptions have instilled more uncertainty into a collapsing market.

“This is absolutely going to have an impact on syndicated lending,” said a London-based loans banker at a European firm. “Not just because of what it may do to ratings, but because corporates will feel more comfortable than ever dealing with local banks because they know they will ...

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