FINANCIAL TIMES: Russian companies are facing tougher lending restrictions from western banks as sanctions against the country start to bite…
Loan deals have almost dried up in the past two months since the Ukraine crisis erupted and Moscow annexed Crimea. US and Japanese banks have taken a more cautious approach in the region with Wells Fargo telling the Financial Times on Wednesday that it had stopped doing new business in Russia…
But some European banks are trying to continue working with the country despite the threat of more sanctions… (more)
The new American foreign policy. Russia takes Crimea and soon Ukraine. The West takes their credit cards. No more Macy’s and Nordstroms for them.