The fallout from Russia’s involvement in Ukraine continues. Its largest lenders seeking to assure clients and investors new EU sanctions won’t hurt. Sberbank, VTB and Russia’s third largest state bank, Gazprombank are among five lenders cut off from raising funds in Europe’s capital markets. The banks deny the move will hurt liquidity – but that could be all talk. Antonio Timoner-Salva is from IHS. …read more
Source: The Boston Globe
