'Ineffective’ sanctions may still stamp out Russia-wide loans

Russia factory industry smoke chimney from Adobe 230x150
By Francesca Young, Mariam Meskin
08 Aug 2019

Bankers and investors have expressed their irritation at the US's new set of sanctions on Russia. The latest punitive actions stop US financial institutions from extending debt financing in the primary market to the sovereign.

While the primary bond market might not be immediately affected as the sovereign has done most of its borrowing for the year already, the chill will be felt more keenly in the syndicated loan market where bankers at international houses are hailing this as another nail in the ...

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