Central and Eastern Europe (CEE)
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There is little chance of repayment if Ukraine cannot remain independent of Russia
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As foreign banks help expat employees to leave the country, Russian desks 'are still operating'
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Market unsure how Russian borrowers can identify foreign bondholders after rouble ruling
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Middle East market the only game in town for ECM after a bear market for equities arrived in Europe on Monday, following reports that the US and its allies are considering an embargo on Russian crude oil
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As Russia is frozen out, opportunities knock for Middle East markets
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Billions tied up at major arrangers of Russian syndicated loans
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Development bank also exploring funding package for Ukraine
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Rouble option could prevent CDS trigger
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Ukraine paid a bond coupon on Tuesday but Russia is taking steps to stop repaying foreign investors
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Market would bear no grudge if Ukraine decided to withhold upcoming coupon payment
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Russia’s invasion of Ukraine has ended a rally in European banking stocks
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A moratorium on debt payments would hurt Western lenders and investors but also Russia's long term market reputation