Russian banks face struggle to access credit and PB
As Western dealers aim to reduce exposure to the sanctions-hit country
Russian banks are finding it increasingly hard to access credit and prime brokerage services in global markets as Western banks begin to reduce or cut credit lines, following sanctions on a number of the larger institutions.
This could restrict the ability of Russian banks to trade in global wholesale markets, on top of the increased funding costs that some already face due to the ongoing conflict between Russia and Ukraine, and the resulting sanctions from the US and the European Union.
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