The Rosneft deal marks the biggest bond sale ever by a Russian business. RUSAL and gold producer Polyus also recently issued yuan-dominated bonds.
September 20, 2022The US and EU are also discussing plans target Turkish banks that have joined Russia's Mir payment system. Putin unexpectedly admitted to tensions with Xi.
September 16, 2022The equity market is reopened for non-resident investors from "friendly jurisdictions" and non-residents controlled by Russian legal entities or individuals.
September 13, 2022Russia is now in third place on a list of non-mainland jurisdictions using the yuan for global payments, after Hong Kong and the UK.
September 6, 2022Replacement bonds are intended to help Russian companies replace Eurobond issuances that are no longer serviceable due to sanctions.
August 31, 2022Russian authorities have been actively looking to reduce domestic reliance on the currencies of so-called 'unfriendly' nations.
August 24, 2022Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.
August 17, 2022Yuan-denominated bonds will open up an additional source of FX liquidity for Russian borrowers, who have been cut off from the dollar, euro and other foreign currencies.
August 3, 2022OFAC designated Russian crypto miners and a bank offering sanctions evasion services. The UK sanctioned Russian generals and others supporting the military.
April 22, 2022The G7 and EU will prohibit gold-related transactions involving Russia and ramp up monitoring and information sharing to prevent Russian sanctions evasion.
March 25, 2022