Russian Deals Face Scrutiny, Firms Urged to List at Home - Bloomberg:
"After a decade of snuggling up together, Russia Inc. and the global capital markets that finance it are starting to drift apart.
Russia’s first deputy prime minister, Igor Shuvalov, this week encouraged domestic companies to delist their shares from overseas stock exchanges, where giants like OAO Gazprom (GAZP) and OAO Sberbank (SBER) trade, for the sake of “economic security.” At the same time, U.S. and European banks such as Citigroup Inc. (C) and Deutsche Bank AG are putting their business with Russian companies under the microscope as the Ukraine crisis continues.
The moves on both sides herald a partial decoupling of Russia from the global financial system as the E.U. and U.S. threaten economic retaliation for President Vladimir Putin’s annexation of Crimea. That would make it harder for Russian companies to obtain foreign capital while hurting efforts by global banks to expand in an important emerging market."
'via Blog this'
No comments:
Post a Comment