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Russian banks face conundrum of 'dirty' borrowers as embrace of ESG tightens

Mar 03, 2021 - SNL European Financials Daily

The exposure of Russian lenders to some of the country's largest and most polluting industries will make environmental, social and governance lending a delicate balancing act for its banking sector.

Three stray dogs with bright green fur polluted with an unknown toxic substance in Podolsk, about 22 miles from the center of Moscow, on Feb. 18.Source: Getty Images News

ESG has a new fan. The early weeks of 2021 have seen the Russian banking sector show love for the ethical investment p...