許可／制裁d ロシアの 会社／堅いs struggle to turn East for 社債s -sources
By Oksana Kobzeva and Kira Zavyalova
MOSCOW, Nov 28 (Reuters) - 許可／制裁d ロシアの companies hoping to tap Asian 社債 markets for 財政／金融ing are struggling to find lawyers, underwriters or even bourses to help with 可能性のある 取引，協定s, banking sources said on Friday.
Some of Russia's largest 会社／堅いs and banks, 含むing No. 2 bank VTB and 主要な oil 生産者 Rosneft, have 支持する／優勝者d Russia's turn to the East after U.S. and EU 許可／制裁s over ウクライナ共和国 froze them out of Western 財政上の markets and stopped most foreign 協調.
Used to using European or U.S. companies to do the backroom work of finalising 財政上の 取引，協定s, ロシアの 会社／堅いs are finding it difficult to find lawyers or underwriters who will, or even can, work for them because of the 許可／制裁s.
"Of course, we could find 会社／堅いs with no 登録 in the countries which 認可するd 許可／制裁s but it will take a lot of time and energy," said a source at a large 許可／制裁d 会社／堅い, who 拒絶する／低下するd to be 指名するd because of the sensitivity of the 問題／発行する.
会社／堅いs 登録（する）d in the countries which 課すd 許可／制裁s, and their 国民s, are not 許すd to help 的d ロシアの companies with 財政／金融ing, irrespective of the 基金ing source.
A banking source said it was all but impossible to find 会社／堅いs to 準備する the necessary papers that are not 登録（する）d in the European Union, 部隊d Kingdom or the 部隊d 明言する／公表するs.
Apart from paperwork problems, any 問題／発行するs from 許可／制裁d 会社／堅いs or banks cannot go through the two largest international 安全s depositories, Euroclear and Clearstream.
"Who will want to buy papers with such 限界s?" a banking source said.
"Clearstream will not 受託する 安全s whose 条件 will 侵害する／違反する EU or U.S. 許可／制裁s; such 安全s are not 認める to 貿易（する）ing, （疑いを）晴らすing, or 解決／入植地 within Deutsche B?rse Group," Clearstream said in an email.
A source familiar with the 事柄 said Euroclear does not 申し込む／申し出 Eurobond 解決／入植地 services for 許可／制裁d ロシアの （独立の）存在s 問題／発行するing Eurobonds in Asian 通貨s.
Oleg Khokhlov, a partner with 法律 会社／堅い Goltsblat BLP, said 許可／制裁d companies would need four to five months to adapt, though any new 取引，協定s in Asia were ありそうもない to be big. "The market is going through recalibration," he said.
One 銀行業者 said some 許可／制裁d 会社／堅いs were looking at Chinese 国内の 社債s known as "panda 社債s", after German 高級な carmaker Daimler AG sold a 500 million yuan 社債 to Chinese 投資家s in March -- the first foreign, 非，不，無-財政上の 法人組織の／企業の 社債 問題／発行する in 中国's 国内の market. (令状ing by Katya Golubkova; editing by Elizabeth Piper and David Clarke)
