Western Banks Concerned About Russian Deals

Western Banks Concerned About Russian Deals

As western governments continue to have concerns over Russia’s leadership and intentions, our banks are also becoming increasingly wary of deals with Russian businesses. This has been highlighted today as Lloyds Bank, partly owned by the UK government, has pulled out of a deal to finance BP’s purchase of oil from Russian firm Rosneft. Insiders The deal, to be financed together with banks from Germany , Japan and China, was worth up to £1.2 billion GBP but an insider says that Lloyds have pulled out to avoid embarrassing the UK government. Rosneft’s chief executive is a strong supporter of Vladimir Putin. Read the full story.

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