Russia Rebounds, Despite Sanctions - Bloomberg View
▻http://www.bloombergview.com/articles/2015-03-20/russia-rebounds-despite-sanctions
Sanctions meant to punish Russia for snatching Crimea from Ukraine one year ago were supposed to hurt Russian business. And they did. Russian stocks, bonds and commodities had the worst performance in 2014 of those in any emerging market.
That was then. Now the picture is changing, with investors starting to favor Russia in 2015. The ruble, which became the world’s most volatile currency last year after President Vladimir Putin’s land grab, is stabilizing. The swings in its value narrowed this year more than any of the other 30 most-traded currencies.
