Maxim Kraynov, Counsel and Head of Project Finance Practice, has shared his expert opinion with Cbonds Review magazine.

As Cbonds Review notes, over the last 2.5 years, both the volume and number of public syndicated loan transactions in Russia and CIS have been decreasing substantially. Given the current geopolitical situation and current sanctions regime, many syndicated loan transactions are not disclosed. The article gives an overview of the syndicated loan market in Russia and CIS, as well as the market participants views.

Maxim Kraynov shares his view of the current conditions on the Russian syndicated loan market and development prospects.

He specifies that “the legal instruments currently used in syndicated loan transactions in Russia are well developed. The Association of Russian Banks and market experts have drawn up recommended document formats for such transactions. Additionally, the special law regulating and detailing this type of lending has been improved significantly. Further development of syndicated lending might also depend on whether the regulators establish additional economic incentives for syndicated loan participants (such as by easing certain prudential regulation requirements).”

To read the full article in Russian, follow the link.