Russia’s Market Feels Protest Pressure
At the moment a great deal of attention has been focused upon the political and social fallout of Sunday’s elections results. Below, thanks to the ever astute Charles Clover at the Financial Times, is some analysis of how the polls are affecting the Russian economy:
Kingsmill Bond, strategist for Citibank, believes protests are likely to continue in the coming months and that means investors are adjusting to a new political landscape. “The market now has to factor top-down political risk into the Russian investment case, which it has not had to do for 12 years,” he said.