Big Russian long is coming
Russian equities look really good at the end of 2020 & 2021-2025! We take into account declining dxy and rising em currencies, sector rotation and increasing demand for commodities in china, with a favorable pace of capex L-shaped recovery in the energy sector... we also expect reduction of political risks in Russia more, than in other em... the recovery of the Russian economy after the 2008 crisis was frozen in 2014 due to the "sanctions wars"... - in the context of the end of the pandemic and the change in the socio-political paradigm.., we expect the growth of Russian economy (next 8 years) and the growth of equities (next 5 years)...
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