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Russia Road To Recovery?

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Russia Road To Recovery?

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Reuters reports an increase in both domestic and foreign investment. Goldman Sachs is predicting improvement from oil, whilst Barclays has begun buying the rouble again.

MILLY BERNICE

The Russian markets are beginning to show signs of improvement with the MICEX stock index showing a general increase so far this year, and so RTS performing well so far this week.

Reuters reports an increase in both domestic and foreign investment. Goldman Sachs is predicting improvement from oil, whilst Barclays has begun buying the rouble again.

However, an AP report earlier this week indicated that Russia has agreed with OPEC to reduce exports of crude oil. So far the reduction in exports has been less than 2%.

Though the Russian market is nowhere near the highs of May and June last year the improvements bode well for anyone planning to move their business interests abroad; especially given the optimism of Goldman Sachs, Merrill Lynch, et al.

 

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