Surgutneftegas OAO (ADR)
Passive Funds Investing in Russian Stocks Have Had a Good 1Q16
All passive funds have outpaced the actively managed LETRX in 1Q16. Picks from the information technology sector did the LETRX in.
Looking for the BRIC in the Wall
In this series, we’ll look at how the active and passive funds focused on the BRIC nations have performed. A variety of incidents and developments have led to the loss of investor confidence in these economies.
Are the BRICS Nations Standing on a Shaky Foundation?
Among the BRICS, the most concerning at this point in time is China. The world’s second largest economy is slowing down and undergoing a structural shift.
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.
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.
Where Is Russia Headed? The World Bank Has Made Its Prediction
According to the World Bank’s baseline projections, Russia’s economy will remain in recession through 2016.
Energy Export Dependency Hurt the Russian Economy
The Russian economy is dependent on oil and gas exports. Because of this, looking at terms of trade for Russia is important.
Russian ETFs: Down but Not Out among BRICS
The energy sector can keep both Russian ETFs down until crude oil prices do not reverse their slide. A fall in energy sector stocks would impact both Russian ETFs.
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.
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.
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.
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%.
Russian anti-crisis plan targets a surplus by 2017
Siluanov confessed that Russia would have to put certain projects on ice for the time-being to finance the anti-crisis plan. But Crimea will go ahead.
A declining ruble exacerbates Russia’s banking woes
Limited access to international capital and inflating external debts are just some of Russia’s banking woes.
Russian banks try to recapitalize due to low international reserves
The Bank of Russia has been digging into reserves in an attempt to defend the depreciating currency. These reserves shrunk by about 20% this year.