A new Morgan Stanley (MS)report fleshes out the current state of things and contemplates additional damage that the latest sanctions will inflict. Russian borrowers will need to find $157 billion over the next four quarters to service their debt. Without the ability to do business in U.S. dollars under the new sanctions, Russian corporations, banks, and state-owned enterprises will have to look outside Western capital markets for loans. That money will be hard to find! businessweek/articles/2014-07-22/sanctions-could-push-russia-into-recession#r=hpt-ls
Posted on: Wed, 23 Jul 2014 18:50:03 +0000
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