Financial Times FT.com

Russian market soured by Georgian conflict

By Rachel Morarjee in London

Published: August 27 2008 19:38 | Last updated: August 27 2008 19:59

Investor sentiment towards Russia has soured sharply since the conflict in Georgia began this month, triggering a steep stock market sell-off and chilling corporate efforts to raise funds.

A banker in Moscow said: “So many deals have fallen by the wayside; debt, equity, cross-border M&A and financing of all sorts”.

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