Saturday, July 18, 2015

Media reported on US plans to tighten access to companies from Russia to loans – RBC

US plans to strengthen the credit limit for a number of Russian companies and banks according to The Times, citing a senior source in Washington. According to the official publication, the maturity of loans and bonds, which provided a large Russian companies and banks may limit seven days.

According to the publication, this means that companies that fall under the sanctions will have to update their credit Agreement each week that almost completely block the access of companies to Western credit markets.

The source said The Times, such measures may be taken in the event that peace in the east of Ukraine will not be achieved. “Let’s see what friends Putin’s response to this” – the newspaper quoted his companion.

Now companies from the European Union and the United States can not provide a number of Russian companies and banks loans and buy their shares and bonds with a maturity of more than 30 days. The sanctions list includes Sberbank, “Gazprom Neft”, Bank of Moscow, Gazprombank, VTB, Rosselkhozbank, VEB, Novatek “Rosneft».

In addition to limiting access to state-owned banks and companies to the international capital market, the Western countries have imposed restrictions on the export of equipment for the Russian fuel and energy complex. The leaders of the US and the European Union have repeatedly said that sanctions could start to cancel only if the cease-fire agreement that had been reached with the participation of Russia in Minsk will be fully implemented.

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