Guest post: sanctions on Russia will rebound – beyondbrics - Blogs - FT.com:
"The shouting match between west and east continues but the Russian stock market is up sharply this week, as President Vladimir Putin travels to China where he is expected to sign a string of big investment deals.
Some pundits have been warning of war. Nato has been moving assets up to its eastern borders while Russia’s troops remain on “exercises” near its border with Ukraine. But investors have shrugged off the dangers of this “hot peace” and assume that a negotiated solution will be found.
In the past few days Russian stocks have clawed back most of their losses since the annexation of Crimea. If Putin inks a historic deal to supply gas to China on May 20 that will link Russia to China by non-movable infrastructure – as is widely expected – expect the stock market to surge again.
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'via Blog this'
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