Ukraine Crisis Threatens $8 Billion of Russian Company Loans
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Political and military tension in Ukraine is threatening to derail $8 billion of international loans sought by Russian companies.
Billionaire Mikhail Fridman’s VimpelCom Ltd. is among at least 10 borrowers negotiating loans with U.S., European and Japanese banks, according to data compiled by Bloomberg. Russia’s currency, bond and stock markets rose after plunging when troops seized control of the Black Sea region of Crimea. The cost of insuring the country’s debt against losses is falling after the biggest increase since June.