FINANCIAL TIMES: Japanese banks have made a marked retreat from Russia pulling back from deals and suspending credit lines underlining the uncertainty over whether the west will impose more western sanctions on Moscow’s business elite.
The move highlights the reluctance of global banks to agree loans or finance deals with Russian clients and comes as Russian bond issues have shrivelled in response to the crisis in Ukraine…
The crisis in Ukraine has also had a chilling effect on issuance in Russia’s bond and equity markets. Total Russian bond issuance – on both the domestic and international markets – has fallen to $9.1bn this year, a decrease of 74 per cent on the same period last year and the lowest comparable volume since 2009, according to Dealogic… (more)
