Russian banks face struggle to access credit and PB

As Western dealers aim to reduce exposure to the sanctions-hit country

Tim Bevan at BCS Prime
Tim Bevan, managing director, BCS Prime

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.

"Some

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.fxweek.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: