Russia banks 'don't care' as international lenders wrestle with latest sanctions

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By Mariam Meskin
08 Aug 2019

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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