Japanese banks have made a marked retreat from Russia pulling back from deals and suspending credit lines underlining the uncertainty over whether the west will impose more western sanctions on Moscow’s business elite. The move highlights the reluctance of global banks to agree loans or finance deals with Russian clients and comes as Russian bond issues have shrivelled in response to the crisis in Ukraine.
Financial Times: Banks retreat from Moscow deals
Sumitomo Mitsui Banking Corporation, one of Japan's largest banks, has stepped back from Russia in recent weeks.
