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2012-08-17 00:00:00
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Economic indicators are looking good before the Russian presidential elections in 2 days time and the expect result of the return of Vladimir Putin as the President.
The Russian stock market has increased by 24% since December 2011 and through out 2011 the Russian stock market was the 2nd best performing in the world. For 2012 the Russian market is the best performing for 2012 and the ruble is very close to its 6 month high so Russia really has the feel good factor at the moment.
Russia is an attractive place to do business with the current Energy prices money is flowing into the Russian government’s coffers and Russia’s sovereign-debt profile is better then many EU countries such as France in terms of default risk. The Rouble will continue to find support with the current high oil price and with the low risk of stock valuations then Russia is seen as good place to invest and to development business.
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