Russian borrowers finding support in Euroloan market

Sberbank
By Michael Turner
27 Mar 2014

Despite Western sanctions and the qualms of some banks, the international capital market’s continuing openness to Russian borrowers was underlined this week as Credit Bank of Moscow and Sberbank signed substantial syndicated loans, writes Michael Turner.

The country’s corporates are progressing hefty deals too, though an Asian loan linked to a sanctioned individual — Gennady Timchenko — has been postponed.

“It would be naïve to assume there isn’t going to be any impact. But by no means is the Russian market shut,” said a ...

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