LONDON/MILAN – Italian bank Intesa Sanpaolo has encountered problems syndicating a loan to Glencore and Qatar’s wealth fund to finance their purchase of a stake in the Kremlin-controlled oil major Rosneft because of new U.S. sanctions against Russia.
Reuters: New Russia sanctions disrupt major Intesa loan syndication
A man walks near the headquarters of Intesa Sanpaolo building on Jan. 26 in Turin.
