EU Ban Targets Russian Banks $15 Billion Debt: Chart of the Day
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As the European Union weighs banning Russian state-owned lenders from its capital markets, the banks have more debt to repay in euros, dollars and Swiss francs than they do in rubles over the next three years.
The CHART OF THE DAY shows VTB Group, OAO Sberbank, OAO Gazprombank and Vnesheconombank have about $15 billion in dollar, euro and franc-denominated bonds maturing 2015 through 2017, compared with about $9.7 billion in ruble debt. The banks will need to refinance about $50 billion of debt in the currencies over the next 30 years, compared with $15.9 billion in rubles.