Oil States International Inc
George Soros Is Bearish on Brazil, Russia, and Asian Currencies
George Soros sees Russia in a weak position. He believes that it has enough reserves to last a couple of years. It might see a lot of debt coming due in 2017.
Falling Crude Prices Dragged Russia’s Trade Surplus in November
With Russia’s falling trade surplus, the iShares MSCI Russia Capped ETF and the Direxion Daily Russia Bull 3X ETF have fallen 16.6% and 60.9%, respectively.
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.
The Slide in Oil Prices Impacted Russia’s Budget Revenues
The decline in oil prices is a result of the price war between US shale oil producers and OPEC, where each is pumping oil into the market—leading to oversupply—in an attempt to retain market share.
Sinking Oil Prices Rattled Stock Markets and Russia’s GDP Growth
Because of the supply glut in oil, prices fell steeply, affecting energy stocks and Russia’s GDP growth rate. Oil is currently priced at ~$42 per barrel.
Why Economic Growth in Russia Fell by 4.3% in September
According to the Federal Service of State Statistics, the gross domestic product (or GDP) of Russia has fallen 4.3% for the third quarter.
Why Russia’s Industrial Production Fell in September
According to the Federal State Statistics Service, Russia’s industrial production index (IIP) fell to 3.7% in September, compared to a fall of 4.3% in August 2015, YoY.
Russia’s Trade Surplus Falls along with Crude Oil Prices in August
According to the Central Bank of Russia, the goods and services surplus fell to $8.7 billion in August 2015, compared to $16.2 billion a year ago.
Unemployment Fell in Russia, Yet RSX Is Down on Oil Woes
According to the August 19 release of the Federal Service of State Statistics, the unemployment rate in Russia edged down by 0.1% to 5.3% in July.
Russia’s Industrial Production Contracts Again, RSX Falls 0.49%
Russia’s woes have only deepened with the Federal State Statistics Service releasing industrial output figures for July.
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.
How Will the Iran Deal Affect Russia?
Although Iran’s return to the oil market won’t lower oil prices immediately, Russia (RSX) will have to take measures against the subsequent fall in oil prices.
What Has Boosted the Russian Ruble in 2015?
The Russian ruble owes its strength to tax payments that exporters will make this year. The exporters are required to convert their earnings in foreign currency into rubles.
How Has the Russian Stock Market Changed?
The Russian stock market is upbeat, which adds to the ruble’s strength.
The Russian Ruble Has Hit New Highs in 2015
The Russian ruble hit a new 2015 high on July 13 of 56.375 against the US dollar and 62.74 against the euro.
Industrial Production Contracts in Russia in June, RSX Falls 1.6%
Industrial production in Russia declined by 4.8% in June on a year-over-year basis. The Russian equity–tracking VanEck Vectors Russia ETF (RSX) was down 1.6%.
Russia’s Inflation Is Still High at 15.3% in June, RSX Down 2.01%
Russia’s inflation rate stood at 15.3%, according to a July 6 release by the Federal Statistics Service in Russia.
Industrial Production in Russia Contracts: RSX Increases 1.51%
Industrial production in Russia declined by 5.5% in May on a YoY basis. The Russian economy has seen a slowdown over the past year amid a global drop in oil prices.
Russia’s Key Rate Decreased to 11.5%: RSX Increased 2.04%
In what was perceived as positive news by investors in the Russian economy, the Central Bank of Russia cut its key interest rate by 100 bps to 11.5% on June 15.
Russian Ruble Reversal: Inflation Rate Falls to 16.4% in April
Russia’s inflation rate had been trending upward since the beginning of 2014, in tandem with the ruble’s decline. But the country’s central bank believes that the worst is now over for Russia.
Sliding Ruble Pumps Russia’s Inflation Rate to 16.9% in March
Russia’s inflation rate has been trending upwards since the beginning of 2014 alongside the ruble’s decline. The ruble has declined by almost 40%.
Why Russia may need capital control measures to save the ruble
In addition to the recent interest rate hike, Putin may need to exercise capital control measures in order to cushion Russia’s depreciating ruble.
Why the oil price drop could affect your ETF investments in Russia
The Russian economy is suffering losses at a rate of $90 billion–$100 billion a year due to the oil price drop and the weak ruble.
Why Western sanctions may have catastrophic effects on Russia
On July 16, the US imposed additional sanctions against Russia for continuing to support pro-Russian separatists in Ukraine.
Russian sanctions to impact businesses positively and negatively
Given the sanctions it has imposed on its Western allies and Australia, Russia now intends to increase food imports from Ecuador, Brazil, Chile, and Argentina.
Why Russia banned food imports from the West and Australia
On August 6, Russian President Vladimir Putin signed a decree halting or limiting imports of agricultural products from countries that have imposed sanctions against Russia.
Energy & Utilities
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 Russia’s relationship with China is important
Russia’s natural resources industry’s growing reliance on Chinese lending may dilute the effect of sanctions aimed at the finances of Russian oil companies.
Why dark clouds surround the investment climate in Russia
The International Monetary Fund has forecasted that the flight of funds from Russia this year will amount to ~$100 billion—it has already become difficult to acquire capital in Russia itself.
Energy & Utilities
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.