Western banks lend billions to Russia

Russian oligarchs, banks and corporations have been borrowing heavily from the West, underscoring the risks for both sides in escalating the Ukraine crisis.

Russia's total foreign debt was $732 billion at the end of 2013, up nearly $200 billion during the course of two years, according to CNNMoney.

French banks lead the way in lending to Russia, with $51 billion, followed by the U.S., at $37 billion.

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