Russian Banks Awash in Dollars Make Loans Company Debt of Choice
More than a year after sanctions against Russia were seen draining the nations banks of dollars, lenders are awash in the currency, giving companies ample reason to skip borrowing abroad.
Foreign-currency deposits and accounts held at Sberbank PJSC, the nations largest lender, rose 33 percent this year to almost $90 billion as of Oct. 1, according to data from the bank. Lenders are charging some exporters interest rates that are lowe ...
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