Russian stocks are worth a punt

The crisis in Ukraine has dealt Russian assets a sharp blow. The stock market fell by a fifth in the first four months of 2014 as over $60bn fled the country; the rouble is down by almost 10% this year. Yet Russia “appears to hold strong economic as well as military cards”, says The Economist.

Because it supplies 24% of the EU’s gas and 30% of its oil, it’s “hard for the West to design sanctions that do not backfire”. Russia’s relatively healthy balance sheet suggests it can ride out a period of capital outflows. It has a current account surplus [...]

MoneyWeek magazine

Latest issue:

Magazine cover
A new dawn for energy

Our experts pick the stocks to buy

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

FREE REPORT:
What you should really do with your money (2014 Edition)


How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking