Fueled in part by soaring commodities prices and a socialist response to economic and political turmoil, a new brand of 21st century economic nationalism is engulfing multinationals, decades after anti-imperialist fervor swept the developing world and led to the outright takeover of foreign assets. This latest wave of expropriation has emerged largely in developing nations where oil, gas, metals and other commodities are extracted. Some of the events occurring in Russia, such as those surrounding Yukos, the former Russian oil giant, were not outright expropriations but examples of "creeping expropriation." While banks do not appear to be in the front line of this latest wave of nationalism, financial institutions do face risks if a corporation is unable to repay a loan once its assets are expropriated. Most banks in such situations have insurance cover and also secure cover for loans made to sovereigns or entities run by government ministries to cover their credit risk.