Russia banks 'don't care' as international lenders wrestle with latest sanctions
With emerging market loan bankers puzzling over what the latest round of US sanctions against Russia mean for syndicated lending in the country — an activity already well muzzled by proscriptions — Moscow bankers were defiant that they would be ineffective.
“Do we care? No,” said one head of DCM in Moscow, who works for one of Russia’s largest banks. “Let [the US] do whatever they want. We mind our own business and continue working.”The Russian syndicated loan market has shrunk since sanctions were first applied against the ...
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