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BlackRock, Top Holder of Russia Debt, Frets Over More Sanctions

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U.S. May Impose More Russia Sanctions

Reputation risk is back on the table as money managers grapple with animosity between the Russia and U.S. after the Syria strikes.

While firms such as GAM have bought the dips in Russian assets and researchers including Capital Economics say the economy is in good shape, investors from AllianceBernstein to BlackRock say they’re worried by potential reputational damage and the risk of future sanctions.