Analysis: Confusion, but not panic, reigns in global finance in Russia’s wake

could face nearly $2 billion in unexpected bills after trading in their U.S. listed shares was suspended after the sanctions. That could trigger a clause in their debt agreements that makes some of their bonds redeemable. Yandex said it doesn’t have the money to pay investors.

Former Commodity Futures Trading Commission Chairman Timothy Massad was deeply involved as a Treasury official in the U.S. government’s handling of the 2008 financial crisis. Echoing Schamis, he believes that the system is well able to absorb the shock and he hasn't noticed anything that raises serious concerns about financial stability.

Even so, the situation is rapidly evolving. “I don’t think this is a stable situation,” said Massad. "What concerns me the most is how long this goes on and whether something happens in the war that triggers a much bigger shock or triggers panic."Some signs of stress have started to appear in markets, with investors shedding riskier assets. Banks are getting nervous about lending to each other and hoarding dollars, which are getting more expensive for foreigners to procure.

For now, the word on the Street is more of confusion than panic. People are working through what the raft of sanctions against Russian banks, assets and individuals means for their dealings and holdings, market participants say. "The danger comes from the fact that you have long intermediation chains that make it difficult to know what exactly the exposure and the risks are," Massad says.Reporting by Paritosh Bansal in NEW YORK; Graphic by Saikat Chatterjee in LONDON; Editing by Edward TobinOpinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

◄ Revelation 13:17 ► and that no man could buy or sell, except having the mark, the name of the beast, or the number of his name.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Western companies cutting ties to Russia has limited effect, experts sayThe Russian invasion of Ukraine has forced several American companies to pause their services in Russia. Business experts say these moves are more symbolic. 'unprovoked.' Isnt NATO expansion to his border a provocation? If they are so ineffectual why are there so many people trying to leave? Why is there no Russian stock market? Many why's to be asked. Please!! More needs to join them
Source: ABC - 🏆 471. / 51 Read more »

Western Startups Doing Business in Russia Grapple With FutureStartups based in the U.S. and Europe with employees and customers in Russia are facing a choice—get out completely or try to preserve a future in the country. Couple of months ago I came across a recommendation about Arnoldnike93 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation Move your headquarters to Ukraine.
Source: WSJ - 🏆 98. / 63 Read more »