Russian Mining Tycoons Seek to Trim Debt as Sanctions Sting

Posted on October 27, 2014 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

“Whenever you hear billionaires say they are not affected by sanctions and the general situation in Russia, that’s not quite true,” said Yulia Bushueva, who helps to manage about $500 million at Arbat Capital in Moscow. “It’s natural that they are looking at options to cut the debt. Others just want to get some extra cash in the current situation.”