Similar Stories to Western Banks Have Basically Gone On Strike Against Russia, Cutting Off Its Credit on Bing News

The amount of debt issued by Russian companies has collapsed due to fears of Western sanctions over the crisis in Ukraine. In the first three quarters of this year the total amount of foreign-currency debt plummeted 83% compared to the same period last year. Nomura Securities estimates that the total value of sales was $9.8 billion so far in 2014 compared with $52.2 billion sold through the whole of last year.

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BING NEWS:
  • Europe’s Banks Find Breaking Up With Russia Is Hard to Do
    One worry is that a continued presence in Russia risks exposing the banks to US sanctions and heavy fines, according to a person familiar with the matter who asked not to be named because the ...
    05/15/2024 - 5:01 pm | View Link
  • Russia's foreign minister faces Western critics at security meeting and walks out after speech
    He blamed what he described as Western tolerance of the “ruling neo-Nazi regime in Kyiv” for the war that started with Russia’s invasion of Ukraine in February 2022. “The very existence of ...
    11/29/2023 - 6:31 pm | View Link
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