Russia tries to revive interest in struggling stock market | EmergingMarkets.me:
"2013 seemed to end on a grim note for Russia’s economy with consumer confidence hitting a new low.
The country’s economy has had a bumpy start to 2014 too. The recent release of high-profile political prisoners does not seem to have rallied investor interest in Russia’s stock market.
Russia recently released former oil tycoon Mikhail Khodorkovsky, 30 Greenpeace members locked up over charges of piracy replaced by accusations of hooliganism as well as two members of the Pussy Riot rock band who were also jailed for hooliganism.
The day after the release of Khodorkovsky, Russia’s Micex stock index climbed just 0.3 percentage points, however. When President Vladimir Putin first declared that Khodorkovsky was being pardoned, stocks rose only 1%.
Such a poor reaction is perhaps testament to the fact that investors still have massive concerns about Russia’s human rights record and the vulnerability of business people to the government and law if they fall out of favour.
Investors remain suspicious"
'via Blog this'
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