Russia sanctions to accelerate Asia pivot

Author: Ashley Lee | Published: 13 Aug 2014

Sanctions on Russia have quickened the country’s focus on building its relationships with Asia.

The country’s corporates are looking to turn to Asia’s financial markets following the listing of key individuals and corporates on US and EU sanction lists.

Sanctioned banks and corporates may look to Asia’s capital markets to refinance their debt and are hoping to build deeper corporate relationships. Russia’s $400 billion agreement to export natural gas to China in May is a good example.

But Asian market participants hoping to take advantage must be aware that the sanction lists changes almost daily.

Their success may be limited by reputational risks from the tense political situation, and a reluctance to test the US sanctions regime following a series of large fines.

KEY TAKEAWAYS

Russia has for some time been building its commercial relationships with Asian businesses and governments, but the development...


 

 

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