International research

05.08.2014
In the last week of July, the US and the EU introduced another round of sanctions against Russia.
22.07.2014
On Wednesday 16 June the US and the EU announced a new set of sanctions, including a restriction of access to US capital markets for Novatek, Rosneft, Gazprombank and VEB.
21.03.2014
On 18 March, President Vladimir Putin accepted the Republic of Crimea and Sevastopol into the Russian Federation.
12.03.2014
Political tension over Ukraine continues to cause sustained volatility on the Russian market. The focus is on Crimea, which is likely to officially join Russia as a result of the referendum set on 16 March.
03.03.2014
Recent political instability in Ukraine has affected the performance of Russian equities. The market has lost —12% YTD in USD terms (through to 28 February), including a 4% drop this week on the back of Ukrainian news. On a fundamental basis the exposure to Ukraine of Russian economy and listed companies is limited, even if contagion may produce selling pressure in the short term.
30.01.2014
The tapering of the asset purchase program in the US has been expected to place EM currencies under some pressure.
05.12.2013
On the eve of a new year, it is striking how many of the issues that confronted investors at the start of 2013 remain in place.
01.07.2013
Over the past decade pension reform in Russia has focused on moving from the legacy distributive state pension system of the USSR to an accumulative insurance-based scheme for future generations.