By Ivan Anderzhanov.
Pressure is mounting on European lenders Deutsche Bank and BNP Paribas to quit fundraising for pariah state Belarus after Royal Bank of Scotland announced that it will not do any more deals for Minsk.
RBS, along with Deutsche and BNP, helped Belarus issue $1.8bn in sovereign eurobonds after opposition presidential candidates were tried for sedition following presidential elections on Dec. 19.
Pressure groups are trying the screws on the two banking giants after the move by RBS. Russia’s state-controlled Sberbank, another organizer, has closer political ties with Belarus and possibly doesn’t give a monkeys anyway.
The European Union has frozen the assets of President Lukashenko and a number of other officials and imposed a travel ban on them due to the deteriorating democratic and human rights situation in the eastern European country.
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