Bloomberg bans sanctioned securities from database

By Francesca Young
30 Oct 2014

Bloomberg is refusing to list sanctioned securities from Russia. The move is irritating bankers in London, who said this would make it difficult for traders and bankers using Bloomberg as a database to assess a company’s debt levels and make sensible investment decisions about non-sanctioned debt.

The EU and US have prohibited the purchasing, brokering or assistance in the issuance of or otherwise dealing with transferable securities of Bank of Moscow, Gazprombank, Russian Agricultural Bank, Sberbank, Vnesheconombank, VTB Bank, Gazprom Neft and Transneft. The ban applies to bonds issued after August 1 with a ...

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