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Russian Isolation Chills Debt Market for Ex-Soviet Neighbors

  • Bonds from Tajikistan to Georgia among worst EM performers
  • Remittances, tourism, trade set to suffer from Russia slowdown
Foreign investors flee dollar bonds of ex-Soviet countries
Updated on

Russia’s invasion of Ukraine risks sparking a wave of financial hardship and market losses from the Black Sea to the edge of the Himalayas.

Sweeping sanctions have put the world’s biggest energy exporter on track for a deep, two-year recession that will endanger trade ties, tourism and billions of dollars of remittances for its ex-Soviet neighbors.