The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

Sanctions propel Russia towards Asia

Sanctions overs the conflict in Ukraine have closed off western capital markets to some Russian companies, giving Asia an opportunity to take a greater role. But an easy ride in the east is not guaranteed.



Russia China


Russia’s embrace of international capital markets since the end of the Cold War has at times been hard to believe. A country previously pitted so aggressively against capitalism has seen companies across its economy venture out into the world for stock listings, bond deals and acquisitions, signaling its enthusiasm for red-blooded dealmaking.

Western capitals such as London and New York have profited handsomely from the Russian gold rush, providing the investment banking infrastructure needed to raise funds and give advice to rapidly growing companies from the former communist state.

The latest sanctions package from the European Union came at the end of July and restricted Russia’s access to the bloc’s capital markets. The measures prevent EU nationals and companies from buying or selling 'new bonds, equity or similar financial instruments with a maturity exceeding 90 days, issued by major state-owned Russian banks, development banks, their subsidiaries outside the EU and those acting on their behalf’. The US Treasury imposed sanctions alongside that 'prohibit US persons from providing new financing to three major Russian financial institutions, limiting their access to US capital markets’.

This





You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree