A leading western banker on Monday urged Russia’s debt-strapped companies and their creditor banks to stop talking about being “at war” with each other and concentrate on restructuring the country’s huge corporate borrowings.

“We are not at war. We must find solutions,” said Hans-Joerg Rudloff, chairman of Barclays Capital, the investment banking arm of Barclays, the UK banking group. “Once you are over-burdened with debt, speed is the most important thing.”