In just a few years, the New Eurasian Land Bridge, which conveys rail freight between China and Europe, became a key part of Beijing’s fading Belt and Road Initiative. Thanks to sanctions levied against state operator Russian Railways, that vital trade link threatens to be disrupted – and possibly severed.

ESG issues are part of the package with emerging market sovereign bonds.

Investors should stop pretending to care about ESG risks.

Slovenian, Kazakh governments deliver on privatization promises, while price concerns scupper listing plans of Belarusian retailer Eurotorg.

In a yield-hungry world, what could be more appetizing to investors than a nation with stability offering 7% on its Eurobonds?