Budget hopes dashed as Russia remains closed off

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By Michael Turner
16 Apr 2014

Many emerging market loans bankers have already written off their budget hopes for the 2014-2015 financial year as tensions with Russia escalate, leaving few hopes of large deals, if any at all.

Russia is a big part of many loans bankers' books, with Russian borrowers responsible for nine of the 10 largest deals from central and eastern Europe since 2005, according to Dealogic. 

But new deal flow in Russia has stopped as Russia and Ukraine tip closer to war. On Wednesday, ...

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