Latest sanctions yet another blow to faltering Russian loan market

US v Russia
By Mariam Meskin
07 Aug 2019

The US Treasury's fresh round of sanctions on Russian sovereign debt has thrown yet another obstacle in the way of international lenders, who are bracing themselves for indirect impact on the already faltering syndicated loans market.

The US sanctions, announced last week, are in response to the use of a banned nerve agent in the attempted assassination of former Russian spy, Sergei Skripal, who was living in the UK. The sanctions explicitly prohibit US financial institutions from purchasing Russian sovereign bonds in the primary ...

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