Russiske selskaper og banker henter hjem penger plassert i Vesten. De oppfører seg som om sanksjonene er innført.
Russian companies are pulling billions out of western banks, fearful that any US sanctions over the Crimean crisis could lead to an asset freeze, according to bankers in Moscow.
Sberbank and VTB, Russia’s giant partly state-owned banks, as well as industrial companies, such as energy group Lukoil, are among those repatriating cash from western lenders with operations in the US. VTB has also cancelled a planned US investor summit next month, according to bankers.
One senior Moscow banker said 90 per cent of investors were already behaving as if sanctions were in place, adding that this was “prudent exposure management”.
These moves represent the flipside of the more obvious withdrawal of western money from Russian markets that has been evident over the past fortnight
Oversikter viser at noen har solgt amerikanske statsobligasjoner for 100 milliarder dollar de siste ukene, og trolig er det russere.
Børsen faller og kursen på rubler. Mange superrike har måtte se store tap, i det minste på papiret.
It also emerged on Friday that Russia’s top 10 billionaires, led by Alisher Usmanov, had lost a combined $6.6bn of their net worth over the past week, according to research firm Wealth-X. Russian equities, which showed more weakness on Friday, have lost 20 per cent of their value since the start of the year.
“You don’t need to have sanctions in place to cause economic turmoil,” said Christopher Granville, managing director of Trusted Sources, an emerging markets research firm. “The expectation is enough.”
Også amerikanske banker og investorer selger seg ut av russiske statsobligasjoner. De skal ha investert rundt 75 milliarder dollar.
Forventning har alt å si i markedet. Når aktørene begynner å oppføre seg som om sanksjoner kommer, vil profetien lett bli selvoppfyllende.