African borrowers may benefit from lenders' Russia fears

Truck mining
By Michael Turner
03 Apr 2014

African commodity borrowers could unexpectedly benefit from the Russia-Ukraine crisis as emerging market lenders are considering looking away from eastern Europe to hit their lending targets for the year.

Russia drafted a bill to annex the Ukrainian region of Crimea on March 18, prompting the US and European Union to sanction individuals linked to Russian president Vladimir Putin. 

Although loans are being signed for Russian borrowers — most recently for Credit Bank of Moscow and Sberbank Europe ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial