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Loan documentation and sanctions - Russia: developments at the forefront

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13 December 2018

Banks and borrowers active in the Russian loan market have been remarkably adept in dealing with the challenges posed by sanctions and, having been at the forefront of the only major world economy subject to U.S. and EU sanctions, in developing sophisticated contractual protections with respect to sanctions. Indeed, many of the contractual protections developed in the Russian loan market are now commonly cited as best practice and rolled out on loan transactions in others parts of the world.