In spite of the existing economic pressure from Washington and the threat of a new round of sanctions being introduced, Moscow’s equity market has managed to remain a good destination for investments.
Bloomberg ranked Russia as the country with the best global equity market performance on a total-return basis in dollar terms, with the ruble being ranked as the second-best currency worldwide after the Ukrainian hryvna. According to the outlet, the stability of global oil prices also allowed Russia’s Central Bank to cut interest rates five times in 2019, thereby potentially endowing businesses with cheaper credit.
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