Close relationship between Credit Bank Moscow and Rosneft could spell trouble for the bank and its investors

The relationship between Credit Bank Moscow PJSC and Rosneft has become very close. Last year, Rosneft placed 22 billion rubles (~ $355 million US) in long-term deposits at the bank that do not come due until 2066, shoring up the bank's capital at a time when it's stability was in question. Rosneft is now one of the bank's largest clients.

Credit Bank of…