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Analyst: Sanctions Risk $15bn Outflows From OFZs

RUSSIA
  • Russia May See $15b Outflow If Sanctions Hit OFZ: Loomis Sayles Analyst
  • Risk of U.S. sanctions extending to Russia's local sovereign-bond market is not priced in and could spark $10b outflows from the nation's debt market, which local banks should be able to absorb
  • Sanctions would also spark $5b outflow from equities
  • Russia appears to be strong on the financing side to potential de-stabilizing effects from sanctions
  • Analyst says she is negative on OFZ due to expected rate hikes from Bank of Russia
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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