Ruble liquidity split unsettles market
The gap between onshore and offshore widens for ruble markets
Liquidity is drying up in international ruble markets as a result of global sanctions imposed on Russia and the monetary policies pursued by its central bank, with major electronic communication networks EBS and Thomson Reuters the main losers, market participants say.
Two Russian banks, Sberbank Corporate and Investment Bank (CIB) and Metallinvestbank, say the two networks have suffered from the perceived risks of trading the ruble markets offshore, as economic sanctions have damaged the
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