Russian banks face higher borrowing costs
Russian finance not under threat of default, but negative effects in play
Russian banks are facing a jump in borrowing costs, regardless of whether they are on the list of institutions facing sanctions from the US and European Union. While there remains enough money in the banking system for an immediate funding crisis to be avoided, the threat of more and longer lasting restrictions could have a negative impact on the country's economic growth and stability.
The warning follows the latest round of US sanctions targeting VTB, Rosselkhozbank and Bank of Moscow
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