Barings does not expect to enter the Russian market, CEO Thomas Finke said, citing a lack of 'confidence in the leadership, in the political system.'
Global financial services firm Barings is not looking to invest into Russia anytime soon, its chairman and chief executive officer said Thursday.
"I can pretty much say we probably won't be going to Russia anytime soon," he said."When you invest, you have to have a confidence in the leadership, in the political system. And, so, when you make a local investment, the rules of law does matter." The U.S., the European Union, and Canada imposed fresh sanctions last month to punish Russia for its 2018 attack on three Ukrainian ships as well as its 2014 annexation of Crimea and its activities in eastern Ukraine, Reuters reported.
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