Sberbank KIB analysts said that the sanctions would hardly affect major Russian banks with state capital as they have already been unable to borrow in the West since March when the geopolitical situation began to deteriorate.
The stocks of leading oil companies did not react to the EU sanctions. Rosneft shares grew by 1.4%, Gazprom Neft’s stocks rose by 1.3%, and Transneft’s securities gained 1.6%
Sberbank’s ordinary shares went a notch up by 0.54% and those of VTB by 0.4%
Rostec officials said the EU sanctions would have no impact on its defense enterprises’ current operations as they do not borrow abroad at all.
The United Aircraft Corporation also said that it met its capital needs by borrowing on the domestic market, while foreign borrowing accounted for less than 1% of its loan portfolio.