Russian syndicated loans set to come under sanctions from Friday

Russian and EU flag
By Richard Metcalf
11 Sep 2014

The European Union and the US are poised to enforce new sanctions on Russia today (Friday), leaving the loan market shut to larger transactions until the end of the year. Smaller club deals may, however go ahead.

The enhanced sanctions, which reportedly include a ban on syndicated loans for some borrowers, were agreed in principle on September 6 by all member states, but are not effective until publication in the Official Journal of the European Union.

On Thursday, envoys from EU member ...

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