Almighty Dollar Loses Lustre in Debt Revamp at Russian Exporters

Updated on
  • Pipemaker TMK shifting debt into rubles as U.S. oil sales drop
  • Ruble exposure helps to hedge risks during bouts of volatility

Borrowing heavily in dollars became a lot less appealing for Russian business executive Vladimir Shmatovich when the oil slump slammed the brakes on the U.S. shale boom.

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