Timothy Ash, head of emerging market research at Standard Bank, - TopicsExpress

Timothy Ash, head of emerging market research at Standard Bank, said if the west was really serious it would have banned trading of Russian bank debt on secondary markets, closing a loophole that allows Russian bank debt to remain a valid asset. Ash thinks sanctions will weigh on the Russian economy, without causing imminent panic. Are you going to see a financial crisis in the short-term? Probably not on the back of this. Does the west have the capability to do that? Absolutely. Do they want to? Clearly not.

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