The negative effect of sanctions imposed on Russia over the conflict in Ukraine has spread beyond the companies targeted, said the head of Barclays Plc (BARC)’s Russian business.
Russia's War Against Ukraine
Bloomberg: Barclays Russian chief says sanctions’ impact widespread
Russia's President Vladimir Putin (2nd R) visits a refinery of Russian oil giant Rosneft in the Black Sea port of Tuapse in southern Russia, on October 11, 2013. Bob Foresman, Barclays's chief executive officer for Russia, said on Sept. 16 that the indirect impact of sanctions is that they don't just close international and domestic capital markets for OAO Rosneft (ROSN), OAO Novatek, but they close the markets for everyone because investors and banks have grown to be very cautious.
