North Valley Bancorp
How Has the Ruble Performed in July 2017?
The Russian ruble (ERUS) tends to move in line with crude oil prices (USO) (UCO).
Are Russian ETFs Outperforming the Emerging Market Index in 2017?
Russia’s market performance has been affected by geopolitical crisis in Ukraine and Syria since 2014.
Why the Ruble Is on the Rise
The recovery of oil prices in the latter half of 2016 has helped the Russian ruble to appreciate along with improved exports.
Sanctions Imposed by the West Have Fueled Inflation in Russia
The depreciating ruble, along with Western sanctions, has been fueling inflation in Russia. Russia imports large amounts of food, high-tech equipment, and cars.
Russia in Recession: Growth Contracted by 4.6% in Q2
Russia’s annual GDP (gross domestic product) growth rate plummeted to -4.6%, according to the latest figures released from the Federal State Statistics Service.
Why US and EU sanctions on Russia are having a boomerang effect
These sanctions have mainly been issued against companies in Russia’s defense industry and energy industry, as well as important Russian banks and individuals.
Why new US sanctions target Russia’s energy sector
The U.S. has issued sanctions against two of Russia’s major energy companies—the sanctions prohibit new debt with more than 90 days maturity from U.S. institutions for OAO Novatek and Rosneft.
Must-know: US sanctions target flow of investments into Russia
The imposition of sanctions on Russian firms basically means that the U.S. will no longer invest in these companies—the U.S. is effectively banned from providing closed medium- and long-term dollar funding to the banks and companies on the sanctions list.